He has experience setting up syndications, but past that if you're planning to make moves in California getting started with him or anyone at Cox Castle plugs you into one of the hardest hitting real estate law firms in California with highly experienced lawyers in construction issues, contracts, financing, work outs, land use, multifamily/commercial purchase and sale etc. 

Moving utilities and finding a space for washer/dryer is the annoying part but doable due to size of the units.

If you're not sure what to do you can look at the goal and ask yourself is what I'm doing or my decision going to move me closer to that goal? 

But like you said all based on the intent of living in it or primarily moving it to a rental.

🤔 I just lost money reading this thread.get it leased up and move on.

We have a mid term tenant moving out Friday and are looking at about a month of vacancy before our next tenant moves in.

I haven't moved forward with anything yet, but I did stop looking at the Condo Hotel options for a couple reasons.

Now, as you mentioned, the property has to be in move in ready shape (but can need updating but has to be livable) for conventional or DSCR loans. 

You won't be protected by anonymity on this deal, but moving the title into the LLC intra-rehab may help with asset protection. 

The lease states that the tenants are responsible for the full unit rent regardless of the number (in the event one tenants moves out before the lease ending date).