Half of the reason these guys invest is for the "preferred" status.  

I thought commercial loans focused on the property's income vs my personal status?

I still don't do wholesaling (haven't ever, really nor buy from wholesalers because I really don't know what the status the Title is and having a legitimate and clear Title is extremely important to me.

Budget: I would mail a current accounting to every property owner showing status of each unit (accounts receivable), balance sheet, accounting year to date, etc. 

If anyone has ballpark numbers for this...I do not know status of water service, still gathering information.There are currently 4 gas meters so I anticipate needing to bring more gas services on line.  

Or, depending on your marital status, find a roommate and split the rental cost to save money on a SoCal home.

Could be the agent is discriminating based on familial status, which is illegal to do.

This automatically prohibits you from taking advantage of the normal deductions related to investment real estate, such as property taxes, mortgage interest or depreciation on your personal tax return.If any prohibited transactions take place, you risk losing the tax-deferred status of your IRA, will owe tax on the full value of the IRA's assets and, on top of that, if you are under 59 1/2, you will owe a 10% early withdrawal penalty.Additionally, there is a litany of requirements and "prohibited transactions," including the fact that the IRA owns the property and not you personally.

You want to preserve the "passive" status of the income, which an LLC does but a corporation does not.  

This act prohibits discrimination on the basis of the following: RaceColorReligionNational OriginGenderAgeFamilial StatusPhysical Or Mental DisabilityIn some states, this goes even further to include sexual orientation, gender identity, and marital status.