One of the main benefits of participating in the Section 8 program is knowing that the rent will be paid each month (or at least the Housing Authority portion of it) - Now that's gone. 

The main reason I'm asking this, is to understand how much cash I need to save up in reserves before pulling the trigger on a deal like this?

I have been sniffing this for a while as well, but more on Main Stree mixed-use.

My main question though is, does California law require that I use the specific C.A.R.

We find 2 bedroom units and smaller attract travel nurses, while 3 bedroom or larger attract the types of guests Patricia mentioned above.

Since you're an individual, mainly whether or not the 4plex was built in the last 15 years.Assuming the tenants have occupied their units for over a year you'll want to give a 60 day notice.Alternative route?

The main monthly meeting is this Tuesday (Nov 12).

I have heard alot of success stories where Bigger Pockets  was one of their main resources in achieving those Goals. 

You would continue to defer all of the tax and receive potential cash flow until the market becomes more attractive for you. 

Now private lenders are my main purchase method, along with seller financing and BRRRR.