If thy can't, you look for a new partner and if the properties you desire are not there, you look for a different market.Anyway, I did want to compliment you on your post and say thanks for the detail while also providing a bit of feedback on how I view the same approach.  

They are in violation of the month-to-month lease because it states that there are only supposed to be 2 people living in the space, and thy have 6. 

Investing is about positioning thyself (thy family) to be able to withstand financial inflections of life with least possible effort.  

Here is the informationProperty Type: Multifamily (2-4) units --- I am willing to look at commercial as well (small apartments)Area: Oceanside, CAC to B class propertiesWhat have you seen as far as average Cap Rate in this area?

@Brad T.   Hi

It explains what a cap rate is and how it is determined.http://www.biggerpockets.com/forums/432/topics/160892-know-thy-cap-rate-the-illusive-obvious-in-apartment-investing

@John Thi Hey John, hows it going?

@Xuan-Thy (XT) Bui yeah price points are just a tad more attractive there! 

Since you are new thy checking out Ultimate Free Beginners Guide

I don't think there is any crash ahead, I just think prices are a little inflated, will level off, and thiings will slow in awhile.But then again, that's just my opinion.