I think the market has shifted in most areas, and "too much cash flow" isn't really a concern anywhere with interest rates where they are, whether in Alabama or California. 

FHA Refinancing TimelineFHA loans have a 12-month occupancy requirement, meaning you must occupy the property as your primary residence for at least one year after closing.Closing Before One Year: Refinancing into a commercial loan or transferring the title to your LLC before completing the 12-month period could raise concerns.

However, there’s one aspect of the website that’s raising a bit of concern for me.I live in Santa Barbara, CA, and from my experience, the median home price here is generally at least $1.5 million, and in most cases, I rarely see anything priced under $1 million.

There is almost always a market for a going business concern with a positive cash flow.  

The concern is possible lead based paint.

I'm pretty concerned to get into this now as Project 2025 is pretty clear about gutting HUD and many social services- the program may be greatly reduced during Trump's term, hard to say.

I'm very concerned about this and wonder how it will affect real estate in CA.

You can also close these types of loans in an LLC if that's a concern.

I can't speak to that myself, it's not my specialty but I think that would be one of your biggest concerns is their permit processes. 

A purchase agreement is a waste of time and energy and complicates the issue for Harry Homeowner.This is not a beginner strategy as there are federal laws concerning approaching debtors who have been given a notice of foreclosure.