With the high State tax rate in CA this will be helpful. 

Must be licensed and have somewhat of an online presence.

Often times we have the vendor/contractor reach out to the resident to communicate directly on a time when they will be home to let them in.

Renting by room can be tricky and is why a lot of PMs try avoiding it.

@Thomas JaskulskiIf it is a good deal, the buyers will be the easy part.

You can then check with the local county if the deed is in fact in that name (caution: if the property was bought recently, the county may not have caught up on the paperwork).Just be careful and NEVER give any form of cash to the seller, always send EM/downpayment to a title company that you have verified.

Quote from @April Birdsong: I will be closing on my 1st STR/MTR this month. 

If a person doesn't fit into one of the two categories below, what would the point of posting on this website be?

@Kwok Wongso a few reactions-in general you will not be able to buy something on the MLS that is distressed enough to work as a BRRRR. 

I have several questions - imagine being able to split up property ownership into tiny pieces or having every transaction out there for everyone to see, all secure and tamper-proof.