Anyone else hear of passed legislation mandating the property managers in addition to property owners are now responsible financially for any repairs not done on properties, taxes not paid and rental certs not submitted/paid for, lead based paint fees/apps and required work, HVAC certs every year and proof utilities (water/sewer) as paid, and general compliance matters?   

Personally, I'm a fan of going studs out because I can QC the process and make sure that things are bulletproof for the foreseeable future.

Down the line as you clean the place up this may be something to keep an eye on if you have proof of what you are saying. 

I can start with 2-3 properties and have proof of funds and a 4-year business history in the U.S.

Bite the bullet and spend the money and use someone that specializes in the nuances and intricacies of evictions, especially in Commiefornia. 

I assume you mean proof of funds lender? 

Somehow, your ignorance of how anything works is proof that it doesn't work? 

A multifamily deal is a resilient, recession-proof gold mine because rents tend to increase regardless of economic circumstances, there will always be more people than places to live, PERIOD.

I have small multifamily duplexes that I bullet proof with no carpet and usually 2 bedrooms.  

The are always multiple variables such as: are the gift funds involvedProperty typecondition of the propertyIs it ruralTitle seasoningReservesLTVWhat is the estimated DSCR ratioCitizenship status: Foreign National, ITIN, Citizen, Resident, permanent residenceDoes borrower have investor experience or notMortgage payment history called a VOM or proof of timely paymentsGift of equity or not100% gift funds or does borrower have at least 5% down payment and their own reserveshow many acres does the property have?