.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.

@Chris Ke With $200K for a down payment and the ability to invest full-time, consider starting with a 4-plex or multiple single-family homes (SFHs) within a 5-hour drive of Los Angeles in areas like San Bernardino or Riverside.

It’s certainly going to be more expensive than if it was done right the first time but this can’t be a big deal in the scope of a full gut.

For example, with our private investors, we always ensure that deals are secured by real assets and provide full transparency throughout the process.

Yep, been doing it full time since 2018ish.

I am also a full time Realtor® and have connections outside of CFRI. 

It will be a single-story ranch with a full semi-finished basement. 9' walls.

I rent to one couple or small family for the full rental period - no less than 2 months and no more than 3 months.

Risk that the IRS will challenge it, which is far more likely than with a full-service professional report3.

Your responsibility is the DP, and the CF accumulates to pay you back the full amount of the DP.