It seems like you are speaking about a specific market, so are there any companies currently for sale? 

I started in Real Estate last year with Tax Deeds and flipped a couple parcels for profit, then as I researched more, found and fell in love with House Hacking, specifically with small multifamily, as a mean to create cashflow and eliminate my biggest monthly cost: my mortgageI currently have a Single Family Home in Haines City, FL which has gain good equity and I can probably net around 70k by sellingMy goal is to look for a Quadplex in Orlando FL or within 2h driving, just so I can drive and see the properties realistically. 

The laws you have to follow in CA are so specific that whenever a client asks me about a situation, I need to research the law. 

@Bob Stevens I currently don't have any properties under contract, and as a result, there is no specific scope of work.

To see these variables for a specific neighbourhood, I used the multiselection tool and I found these values: Music Row: Occ. rate: 76%, Avg. stay: 3.06 days, Avg. daily rate: $229, Annual bookings: 98.1Sobro: Occ. rate: 79%, Avg. stay: 3.47 days, Avg. daily rate: $346, Annual bookings: 95.7North Capitol: Occ. rate: 74.6%, Avg. stay: 3.03 days, Avg. daily rate: $339, Annual bookings: 94.0Eastwood: Occ. rate: 78%, Avg. stay: 2.95 days, Avg. daily rate: $128, Annual bookings: 103.2Sobro:Occ. rate: 79%, Avg. stay: 3.47 days, Avg. daily rate: $346, Annual bookings: 95.7Maxwell: Occ. rate: 81.5%, Avg. stay: 4.07 days, Avg. daily rate: $323, Annual bookings: 96.2Out of all the neighbourhoods, I decided to deep dive into Music Row, although I am not sure if there is a high supply of for-sale units in this area (can anyone confirm this?)

Around downtown is a little more street by street specific but we've had a lot of success in Bryant and Benton as well.

Another thing too if your looking specifically for a mentor I'm certain Dallas has a few Real estate groups see about joining one and looking for someone in person there.

Don't have to be too specific but i think a post like this can help a lot of people out. 

A letter of intent for a specific property is no good really.

Not all lenders see it this way, but a good mtg broker should be able to navigate your specific situation.On a small handful of DSCR products, you can do a refinance not to exceed your TOTAL cost basis (ie. purchase price + rehab + holding costs) and have that transaction considered a rate and term refinance vs a cash-out.