Is it possible to obtain an FHA loan on a fourplex in California?

Didn't do any deals in 2016 although I did set up the LLC and obtain LOC's but didn't make any income with the business.

This could be higher than the current property taxes that your parents pay.Option #2 - You get added to title via QCD - quit claim deed, you wait 6 months (min required time by fannie mae for conventional cash out) , and you cash out up to 75-80% LTV max as a primary residence or as high as you feel comfortable to obtain the capital you're looking to utilize to invest with or you do a line of credit like a HELOC (home equity line of credit).The Pro's of this is that the home will not get reassessed for CA property taxes since your parents have not sold the property.You may have to account for this gift via quit claim deed - QCD but as long as your parents plan to be within the 5.49M of assets in 2017 (subject to change in the future) or annual 14k per year they should be fine (seek a tax pro).The other downside is you may not get "stepped up basis," for capital gains purposes for the whole property if they add you to title during their lifetimes (you own the property 50/50 with your parents). 

In my opinion, it would make sense to first line up a financing source and obtain either a pre-approval, or proof of funds (if establishing a line of credit).

I would not buy a tenant occupied property without  getting them to sign a new lease, or getting them to sign an estoppel certificate saying they have no written lease, unless the deal was so good the risk was warranted.

With that being said, I have not held a W-2 job for almost two years now and thought that obtaining a loan was not possible with my situation. 

Just watch for the specific counties policies in Airb renting versus regular/long term renting and be sure you get your rental license/certificate.

Does anyone have a suggestion on how to obtain title insurance there have been no contestments to title in the 14 years I have owned it.

How qualified should you be,, all depends on the listing,, but basic knowledge of leasing, state landlord laws, is a start and the certifications all up so find out where to get the training,, the online classes are OK but what you want is actual class time.do a search for classes in your county.

She had an idea about a collaborative environment for other therapists.We also have 800 sqft of area on the 2nd floor that hasn’t been fixed yet and therefore no CofO for that area, but could be renovated and obtained in under two months and about 10k in expenses.