A bank could have a restriction on how they lend under this circumstance...and many do....but there is no "law" against it or for it. 

If you do in fact have a restriction (or pending) on your license follow this link @Shabar Marshall:http://www.dre.ca.gov/files/pdf/important_fee_noti...and seek legal assistance as well.Good luck..

Res to comm may be harder than getting variances for height, sq ft, etc.

A lot of friends of mine who are also sponsors stay away from the TIC or DST model as the headache is not worth the return or restrictions to them.

I had properties from Silverlake, Eagle Rock, Highland Park to Lincoln Heights.

I also think the main thing about my job that I don't like is the feeling of being restricted to someone else's schedule and their goals.

The reason why rent is so high in DC, San Fransisco, NYC, Seattle is partly due to rent control, zoning restrictions, limited building permits as well as NIMBYISM.

It has been used in some areas here for electricity but the mass amounts of panels that I have seen would be to much in a residential location due to zoning restrictions.

My mult-family investment in JC Heights gives me the same cash return, but at only about 1/2 the cost, so I know from personal experience. 

In Most jurisdictions.....you can pull owner permits IF you bought in your own name AND if it is to be your primary residence for at least one year (some jurisdictions actually place a deed restriction on your house preventing the sale within one year).Since you will need permits, a 99% chance you need a licensed GC.