Has anyone dealt with a similar situation and still was able to pass the housing code enforcement inspection (1 / 2 required inspections)?

If the LLC and its income are entirely outside California, it typically does not require registration with the California Secretary of State (SOS) or payment of California Franchise Tax Board (FTB) fees, even if you reside in California.

I work with several who go to 600 or don't require a FICO for commercial at all.  

Using a HELOC for the down payment on the second home might be an option, but lenders may require you to wait a few months post-closing on the multi-family before approving new loans.The BRRRR-style approach could work if you can renovate and refinance quickly, but make sure the timeline aligns with your lender’s requirements.

So this requires some upfront planning. 

We have 2 San Antonio sub2 deals that are turn key homes and only require about $20-25k to close (assignment fee + closing costs).They're a great option!

He prided himself on being hands-on, convinced that no one else could do the job as well as he could.One evening, exhausted from another 14-hour day, Michael met with his friend James, a seasoned real estate investor."

This attorney should handle creation of your PPM and state filing requirements, but they do not handle the PSA or closing. 

This is their full time job and they collect a fee but are still able to pass along strong deals to end buyers.

Depending on how it is done and what guarantees the government offers and requires of the released entities, interest rates could move slightly higher.