In terms of small multifamily inventory, newer, with garages, symmetrical, good curb appeal, etc., are all ideal in my opinion. 

It does come down to DTI and what you can show versus what you can qualify for in terms of home price.

b) How do they (Cali Govt) deal with the damage, both in terms of who gets the blame and also where do they get the money?

In terms of selling a property, parts of Cleveland require a POS (Point of Sale) Inpsection, but I'm not too familiar with what all that entails.

We created a model for our investors that show AAR/IRR/EM but also what that does to your capital in $ terms. 

I didn’t leave lol, but I was speaking in terms of the business in general.

What is the expected return on investment, and how does it compare to syndication in terms of advantages and disadvantages? 

Price out as much as you can in terms of materials and estimates.

I am new to the game and using the FHA loan has just seemed to be the most common way to house hack (at least in terms of what the resources I have read have said). 

Confirm that the provider has experience with the particular investments in which you intend to invest your retirement funds as you very likely will have questions in terms of the mechanics (e.g. how do you invest in real estate, etc.).4.