But managing 4 separate leases, needs, personalities, life circumstances, turnover rates, etc, will be a lot more work than renting out the whole house. 

I do indeed know it.. but also would not hurt to understand outside markets (circumstances change) also certain states or not as land lord friendly as others.

@Derek P.No themoney can be reinvested in more houses as it seems you are doing now and it can always be taken out of the IRA with or without penalty- so it depends on your circumstances. 

Under no circumstances would I let them stay.

I have already filed a formal complaint with the Contractors State License Board (CSLB) regarding this matter.Given the circumstances, I am seeking your advice on whether pursuing action in small claims court would be a recommended course of action. 

The strategy has to be adjusted for your own particular circumstance and interest rates relative to rent are a big factor.

Hi Rick,DSCR is a great option given your circumstance.

And yet, you might be surprised how much foolishness you’ll uncover if you peel back some onions… one thing that I learnt from all these syndication mistake that is that before joining "such private club" is that "I thought I know most of the risk but I found out any investment project (even outside typical syndication) can fail to some unknown circumstances"......from plumbing to comps ............ there're just so many that i don't know. 

The boss.Although in certain circumstances I could see someone wanting to have an attorney who really takes the reins on the deal. 

FHA & VA allow for a "Change in circumstance" for example you are moving, changing jobs requiring new location, new school, enlisted military, divorce, other life circumstance outside of your control.As far a penalty due to no intention as using from the start of the application.