This is the most basic level of protection and it is not very effective, but it is still better than nothing.

It sounds like this used to be a second home or rental property for you - is that true?

Your goal of purchasing a multifamily property this year sounds exciting, and it's great that you're leveraging your experience with LTRs and STRs.Feel free to connect with me, I would love to hear more about your goals. 

Many clients have put the IBC or similar concept to use, but how effective it is and whether it's right for you depends on several factors as there are pros and cons to everything. 

I don't know the California market, but I have seen a lot in the greater Puget Sound WA. 

Although 3/4 units sounds good and best on paper in reality it can be tougher to pull off.

Renting out camping areas on your wooded piece of land sounds like an interesting idea!

Sounds like you're already on the right track Joe.

If this sounds like it's doable, then I'll need to find one and get the process started.

Hey @Fadela Zaoui - if its a court ordered sale... unlikely sellers would entertain seller financing, but the answer's always no unless you ask :) I recommend working with your broker to figure out what the sellers really want - sounds like one of the sellers wants to cash out so they may not be the person that wants to do seller financing BUT the other seller may be open to it.You could also potentially look at a joint venture option where you just buy out the seller that wishes to sell her portion, and partner up with the other equity holder who now gets to retain their piece of the pie.