That interest-only in the front for 5 is a nice feature to help your cash flow. 

I like the search features: https://www.biggerpockets.com/searchAlerts can be really helpful too: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

This has forced me to try and source off market deals for my clients I have convinced a few apartment owners to sell but they only want to sell conditional on 1031 exchanging into a new multifamily.

I would use your dad as a source of private money, not as a partner.Good luck on your real estate journey.

@Fahad MeerCheck out SparkRental’s RentDeduct feature.

They are not sustainable as they are today, by 40 years out who knows what might exist.Regarding the possibility of setting up a PM company to separate income sources, you may need to look into legality of that. 

That info is provided over and over again in these forums use the search feature and start reading.

Despite entering into a contract to buy properties, he made up a series of ridiculous excuses, changed his financing source at the last minute without disclosure, refused to communicate at all simply ghosting the transaction.

I like the search features: https://www.biggerpockets.com/search

I can't find a single source that says pet rent in CA is illegal.