There are too many shady people who would use that to launder money and what not so I don't think banks like to do that.

I’ve has people call some of my listing signs asking me for internships  or training and whatnot.

If he does not quit and goes through it, he will be a smarter real estate investor and he too will become successful.His situation is a real estate NIGHTMARE scenario and provides valuable lessons on what NOT to do when investing in multi family.

@Gaurav Bhasin The below article discusses the operating expenses in more detail (what to include and what not to include) and may be helpful as well.https://propertymetrics.com/bl...

Granted they will have bills to pay such as their own electric and heating and what not but it’s not a bad deal.They intend to live in it for 2-3 years, save and purchase another home and then rent out their middle floor this giving them a cash flowing asset.Feel Free to private message me if you have any questions.

(outside fees and whatnot) 

@Ramon MotaNot entirely sure what your relative is referring to or the relationships between you all and whatnot, but you may want to read up on the new rent control bill, AB 1482. 

(Had no idea about cap ex, maintenance, vacancy rate and what not)The current tenants want to purchase the property and I want out before major costs come up that become painful to afford.

I also have kids, bills and what not- send me a message Thomas, I'll give you a run down on my story.

House is "rented", insured and what not, but I cannot float all the debts on the rent.