CA rules do not require a closet but some jurisdictiins in CA require a closet.  

In many places you might be required to get some kind of municipal occupancy inspection.

Love to know. couple things  NV is one state were NMLS registration and state license are required to be a lender on any rehabs on 1 to 4 units.. that's number one.. you check with the statealso I would file a complaint with the state of NV  mortgage enforcement division right away if this guy is not legit he will be shut done and fined.  

Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of  a bank.

It will also require extensive networking to raise funds from other, legally, to buy at scale.Recommend your plan be more realistic with a goal of 10 years for your real estate to be generating enough cash to live off - and even that may be a bit optimistic.How to grow?

However, we do have a few hybrid properties listed on Airbnb with a minimum stay requirement of 30 days. 

I see some of the states that are still stuck in the 1800s using title abstractors taking a week two weeks.. the folks that are local simply dont know any better as its just SOP for them.

It takes time to get the required knowledge. 

The quaility of old existing units, and the ability of the long term population to pay new rents, blended with an influx of small high end mill conversion units is simply not balanced.

The system is what's really broken:1) S8 should have a time limit - get free housing to get your life in order and move on.2) S8 should have strong requirements for taking care of the home taxpayers are paying the rent for. --- We haven't seen a S8 inspection report in over a decade that required a tenant to fix damages they obviously caused.