Minimum investment amount are self imposed rules by the sponsor that they are willing to bend all the time.  

Recent amendments require a local agency to impose an owner occupancy requirement as a condition of a homeowner receiving a ministerial lot split.

To me it seems like such a straightforward easy solution that bypasses any law anyone can impose on wholesaling.What if you borrowed money from your "dad", ot "best rich friend" and bought houses with that money and sold the house immediately after you bought it to an other cash buyer?

Underwriting this deal with a rehab that involves adding a unit might be unnecessary.

Good Luck to you Robert, growing up in the South, i've seen Gay folk suffer an exorbitant amount of unfair and unnecessary discrimination.

While burdensome (and unnecessary most of the time), having each property in its own LLC would provide the greatest protection for your personal and other business assets.

This way, you may learn the ropes and obtain practical experience without taking unnecessary risks.Examine many approaches to real estate investing, including wholesaling, home hacking, BRRRR (Buy, Rehab, Rent, Refinance, Repeat), and long-term rentals.

I have heard of out-of-state CPAs not being familiar with these rules and assuming that California, just like their home state, does not impose a filing requirement on single-member LLCs, and their client missed the filing, and the FTB came after them with fines and penalties for failing to file.This being said, if the out-of-state CPA is knowledgeable about California tax rules, then there's no reason to fear unless you actually want to meet your CPA in person.  

Sometimes it is better to have them collect and send you the rent so you don't keep track of multiple people and when you impose a late fee it is on them to pass it on to whoever was late. 

That being said, it's important to be cautious of known brand/marketers mostly; oftentimes, they come with a lot of unnecessary overhead and just white-label their services out to other CPAs.