100% for 6 months is a lot of money.c) I and friends have quite a few Real Estate contacts in California.

Why real estate investing? 

Quote from @Hector Romero: Hello all, I am new to the community as well as being the lead in real estate investments.My sister and I currently hold 3 properties next to each other in Riverside County, California (we'd like to get them in an LLC but we're unsure how that may affect financing them).

Your client should consult a real estate attorney to draft an agreement with the ex and ensure there are no legal or tax issues, especially since this is an investment property.

Kendrick, keep in mind that real estate pricing is determined by desirability .

Too many landlords bee-bop along thinking real estate investing is easy . . . then they get hit with a problem (or 20) and their world is turned upside-down because they don't know what to do.Read my book.

I don't do this for a living and have no real world experience, but at 40% down, even with a 7% int rate, that seems like a high monthly payment.

—and prioritize applicants who meet the criteria but also have a solid, reliable rental history.

In fact I had one done that size over the summer from some real slobs who moved out, and it required an inordinate amount of deep cleaning including almost one full day just on the filth of the kitchen floors, and it was $400. 

So it's not very reliable.