Occupancy, Preservation, Maintenance and Protection of the Property:Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control.

I've been considering whether to establish LLCs for a number of California rental properties (and maybe for some out of state).

Wanting to establish a long lasting relationship with a full time wholesaler.

Something you will want to look into with your qualified tax advisor.

I'm currently soaking in the education material and working to establish a great network of real estate professional.

There are lots of meet ups established thru the meetup app/website itself.

There was an episode on American Greed about Remington financial.. they were in business over 20 years their target was small commercial to bigger multi or commercial.. they charged 5 to 10k DD fee's estimated they brought in over 200 million in the 22 years they operated.. by the time the FBI was done with them.. they could not establish that they had made more than 11 loans in all those years.... long prison sentences. your instincts are fine and intact.

I live in Denver, and work at an established Title Company, so please use me as a reference for Title questions.  

It is within 60 days.From my FHA loan:"Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy..."

You may not need two but it helped us establish the inherited value which for us was most important and the sale so every sibling was able to fell the price was FMV.