@Fabriel EbelConverting a multifamily apartment into condominiums in Beverly Hills is a detailed process that requires navigating city regulations and tenant protections.

For a few thousand dollars in rent, it is worth the call.If you don't get satisfaction there, credit card companies are regulated via The Consumer Financial Protection Bureau (CFPB).

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

I'm strictly looking for properties in the 100K range or less and can put down up to 30%, however I can’t find anyone to lend me less than 100K.

Or do you need to strictly stick to repayment process based on the duration of the loan?

This strategy requires strict compliance with IRS rules and may not be practical for all situations.This post does not create a CPA-Client relationship.

@Maurice SmithRL property management is pretty good they are just very strict on where they will and won't manage.

Quote from @Cameron Masters: In my experience, cities are going to be much harder than working in unincorporated cities within the state that only follow county regulations.

Regulation battles by HOAs are being lost in the courts as well.

@Tara JosbergerCharleston is a strong market for real estate, but local regulations play a big role in investment strategy.