Germantown has better cash flow potential but may require more hands-on management.

Granite, I know CA tends to see a lot of this; more than likely due to a lot of people owning Solar.My question is the owner that has a lien status associated to this Lien description (Notice of an Independent Solar Energy Producer Contract), is this a standard practice of just owning Solar (thus wasting time prospecting these individuals) or does this simply mean they (the solar company) took out a lien against the owner because the solar company is trying to collect their money.

Many insurance policies also require re-development within two years, a near impossible timeline in a region with the coastal commission, perhaps only second to Manhattan in terms of permitting and red tape.

However, if you bought it and managed it as a market rate apartment, your experience would be very different.My point is, I can control how fast a unit turns simply by adjusting my asking rents.  

Negotiations focused on securing the property at a favorable price, enabling us to achieve a profitable margin in a highly competitive market without requiring additional renovations.

I make sure I screen each potential tenant thoroughly (background and credit checks) and require references.

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

Figure out market rents, deduct expenses to determine NOI, deduct cashflow you want, plug remainder into mortgage calc at current interest rate, then add lender's required down payment.That is how much you offer!

Also start talking to lenders now to understand their requirements 

Think about it, why do people do Airbnb........make more money, however they have higher vacancy rates, and more management required.