I originally understood it to be per year but it is per lease.

Hello,A job relocation to San Francisco CA early this year is making me ponder if I should be selling my owner occupied duplex in Jersey City and buy something in Berkeley CA due to its proximity to San Francisco and has some fairly decent schools  for my kids and also UC Berkeley .The low  2.5% interest rate on the Jersey City property turned into a golden chain but I think I am done with managing tenants and property and would like to get more into an Equity play.

Shorter cash cycle marketing would be PPC, but I wouldn't recommend it if you are just starting out.

What kind of sheets do you think would work for this?

However, refinancing would likely mean I'd have to pay PMI, which could reduce my cash flow.

I would be interested to know how you make out with this , I’ve been analyzing properties in that area for a while but the best deals were always gone before I got my foot in the door.

You have the right to enter the property; I would bring someone with you as a witness. 

Investors often think that blanket loans will be cheaper but in fact there would be very little if any savings from a closing costs standpoint, and the terms of the loan would make it much more expensive overall. 

Quote from @Ingrid Hussey:First I would check with local and state laws on this...

Save yourself some time by creating a detailed bullet point list of all of the criteria you look for in a deal - and be specific.