We'd get principal only payments and then sell it on a rent to own (buyer doesn't get monthly credit).Sounds like you got a good one!

I was just wondering if I’m able to use an FHA Loan as a first time buyer for Multi Family Units in Southern California?

this is how buyers used to take me out of my HML back in the gogo days of pre 08  

@Aaron Hunt You can insult me all you want, but it doesn't change the actual market data.As I said, there's no guarantee that the trends will continue. 

SFH prices are driven by home buyers and are as a result too high to produce cash flow.

They said that for some reason, when the court ordered the transfer of the property into their name, it was never properly recorded and they've been trying to hunt down the court order for the last decade.  

What's a good amount to ask the end buyer for a deposit?

I've done a number of owner finance deals as a buyer, and an attorney is not terribly expensive, typically about $1k per property including the note and title search. 

I have put deals together (from locating land, worked on the design from concept through final, worked on finding tenants to lease, and buyers for the sale of end project, plus lined up the financing etc.

Usually my buyers were generally happy with this price.Well I've just come across sellers who want to sell build-able lots, I've never wholesaled lots before which has put me  grey area of understand on what to offer them.