You'd still be able to get a Letter of Environmental Protection to rent to families, but it basically says that you did illegal work, got caught, then had to hire a professional to fix it.

Because when you try and sell 123 Main street a 3 bed 2 bath house on Craigslist without a RE license you are violating CA business and professionals code.

Aaron, your vetting should be the same as most other professionals. 

In the next 15 months I plan on having $90k in savings + 15k in equity, I'll have listened to all 270+ podcasts of Bigger Pockets, read through a list of 30 books I have determined critical to my success, and formed a TEAM of likeminded business professionals. 

The "secret", in my multifamily experience, is that, come due diligence, you'll need at minimum a licensed property manager and/or general contractor and any other certified and bonded professional necessary for your project to do their jobs in inspecting and estimating costs.

@Jerel EhlertThank you for your professional advice, I really appreciate it! 

This guy isn't a professional.

If the property has been  well maintained (I know, this can be relative), usually $1k is enough to turnover (carpet cleaning, professional cleaning of the rest of the house).

As I keep learning and saving, My problem I’m torn about is, I want a property that will target the young professionals moving to the city. 

I figured this would be a good place to get some advice, insight and guidance from the professionals.