Generally speaking if they are all CA SFRs, rented and/or all income is fine, credit is good, and looking to go conventional, your rate should be in the low to mid-3's depending, even for cash out w/probably a pt or 2, depending on how the loan is structured. 

The A/C is an older model, but seems to be working fine. 

I should be fine as long as this tenant agrees to sign.

@Barbara Pinto No problem, you hit it on the head with what to account for and as long as the numbers in returns works for you and you are comfortable then all is fine.

These people could face issues from fines to losing their license to actual jail time.

I come across far too many investors who find a great deal and buy without checking with the P&Z and are stuck with either heavy monthly fines or a property they can do nothing with.Lenders are leery about deals like this. 

And their checklist is here: https://www.compliancepoint.co...This FCC notification proposed a $5M+ fine for a company that made 1,141 calls in violation of the TCPA. https://www.fcc.gov/document/f...You can read up on some of the class action suits here: https://www.thelyonfirm.com/cl...

Just make sure your debt service coverage ratio is 1.25 or better and you should be fine.

Graphs and other graphic content to add to the overall offer.Am finding you have to piece a lot of things together, which is fine....if it was super easy everyone would do it :-).

As long as you aren't representing yourself as a broker then you will be fine.