I have a metal roof on every structure on our estate (lol) That includes our home, separate garage, well house, large workshop, etc.

For example we'll be staging a unit and then doing high quality 3d floorplan pictures and creating a website on the units and other collateral because we know we can use those assets again and again for years and the costs will be worth it.

I have read up on some of the process on the county website as far as a 14-day notice and they have a little bit of an outline of the timeline would like to talk to somebody that's more familiar with the process.This would be for non-payment of rent on a month to month lease that went month to month after the year-long lease expired.

I just listened to managing rental properties and there are a few suggestions to use www.biggerpockets.com/ bookbonus to get forms but every time I try the website nothing downloads.

As @Manolo D. mentioned, you can go on the website for the CSLB and look at what the requirements are. 

Assume there is an unused space/large closet/whatever that can be converted into a bedroom.

Quick rundown of the numbers:Purchase: $130,000  Mortgage and escrow: $1045 Total Expenses: $1195Rent: $1500Total cashflow: $305Primary issue right now is a 2 year buy back term for a DSCR loan that does have a large penalty for that first 2 years. 

You determine the probabilities from the statistics of a large data set … 200 flips in the example.Once you have done 200 rental units you can determine the EV going forward.Not a very satisfactory answer I know.

Qualifying for the lowest rate possible and putting a large down payment are a couple of ways to navigate the potential ratio issue and get closer to the number you need to make it work. 

I think a buy and hold strategy with his all cash investment is an excellent way to invest his 40k.