The dangers of both options are obvious, and who knows when, or if, we will get back to the cap rates we have seen in the past.Just my perspective but I have maintained my minimum return requirements while exploring some additional options. 

A master bedroom, 2 additional bedrooms, small room which we considered the nursery as it is situated off the master bedroom, and a full sized bathroom.The first floor was made into an apartment for my mother as she wanted to be secured from the roomers.

I packed in a bit more info,can you see any additional tweaks or maybe other suggestions?

We have a new property under contract and are looking for additional likeminded investors to join us.

In addition to the state level Costa Hawkins repeal, there is also a local Rent Control amendment already likely to make the ballot in Sacramento.

I'm planning to add an addition to my house and need a bit of rehabbing completed.

When considering financing options for MFH, in addition to looking at commercial loans, look into portfolio lending.

We ended up putting a clause in the lease that we covered utilities (solid waste, gas, electricity, water, etc), but if any single bill exceeded $200 it would be charged as additional rent that was due with the next months rent.

I would rescind my offer and request some additional terms to the contract. 

I would be informing him that he owes an additional $250 above his $1600 deposit to cover the repairs.