Rentals don’t meet this requirement of yours.  

The loan often has two components: (1) purchase and (2) renovation where the latter is usually funded through reimbursement.As an FYI, lenders usually require the property be non-owner occupied.

Tracking Income & Expenses 2.

Yes we can use use by simply creating "classes" for each property, and categorize expenses.

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

There's DSCR lenders that'll do 5-20 units, but they often have minimum value requirements of $50k/unit.MS can have some low priced RE, that's why the price being too low is the first thing to come to mind.

Interior and exterior renovations and improved management plan in order to increase rents closer to market and mitigate expenses.

Making a larger down payment can improve your loan terms, but keeping some cash reserves is also crucial for unexpected expenses and future investments.

Can I write off all expenses from the trip, such as hotel, meals and travel costs like gas, or airfare?

And it has a list of what the tenant and landlord is required to do.