@Jen BreyslerCheck with your usual CPA if he/she can handle the CA portion of your taxes. 

I used most of the money to supplement my mortgage and some renovations on my portion of the house also, but the past year I have been saving most of the profits.

Most lenders will want a $75k or even $100k+ minimum, which you need to draw that portion and keep it for a few months before you can pay it back. its also much more challenging to get one on an investment property than it would be your primary residence if that is an option.

Establishing a robust financial base is vital, as it echoes your investment aspirations and capacity for risk.

This has helped me to realize that where one's investment is in the capital stack is vitally important.

There will no longer be an official buyers agent portion of the commission.

When choosing a city or neighborhood for investment, it’s crucial to consider:Economic drivers: Look for areas with diverse and growing job markets.Population growth: Areas with increasing population tend to have higher demand for housing.Rental yields: Compare the average rent to property prices to gauge potential cash flow.Future developments: Infrastructure projects and new developments can boost property values.Additionally, it's vital to get local insights.

There are a lot of different ways to calculate the rental income portion of the ratio, so it is best to send your lender the property address you are interested in so they can do some calculations for you. 

I consider leadership experience to be vital to the success of a Multifamily Syndication Team as well.

I believe that would translate into a loss of a portion of the deductible expenses on taxes.