So, they are still legally bedrooms in those cases, even with absence of closets.Typically, a bedroom needs 2 ways of emergency egress (way to get out of the room) - door or window.

I have multiple service guys I can call who will show up for emergencies.

I am planning to use hard money loans to finance these purchases and using my own capital as emergency/reserves.

While you can make a lot of money quickly in a market that suddenly became "hot", you can lose money equally quickly if the market goes down in a couple of months or years.Recently our team looked at nationwide data on the performance of long-term (traditional) rentals across the US housing market, and a few markets in Ohio emerged on top.

But I’d have my $8,000 cash I saved, for a down payment/emergency fund...

First true apartment complex that I bought was a 34-unit (mixed use property actually, 32 apartments and two retail storefronts) in an emerging market.

--------Here's a pretty comprehensive overview of all LA renter protections in place because of covid. https://housing.lacity.org/cov...I have read repeatedly that rent increase and eviction restrictions will not be lifted until a full year AFTER the Emergency Order has ended (this may apply to RSO units only but I don't think so).

Good luck.Here in cleveland, you can typically  use the finished third floor for bedrooms if you provide a window ladder for emergency egress.

The pet must be on a leash at all times when outside of the unit.We also obtain the following:Photo of Pet, Licensing/Tag information, Vet ContactVaccination Records"Pet Inside" sign/sticker in window (in case of fire/emergency to alert first responders)When it comes to "aggressive breeds," there are insurance companies that will cover those pets.

Three evictions in 17 years, rent collection is automatic via ACH, maintenance is always preventive so late night or emergency calls from tenants, etc.I have recently changed to having only one group showing a few weeks after the current tenant gives notice that they are moving out.