House hacking is also an awesome strategy in CA because you get to lock in low property tax rates and it is relatively easy to cash out the equity you build in a primary residence and use it to leverage your next property.  

You want to make it as easy as possible for them so are having this discussion now. 

Wholesalers are known for having skewed numbers because of how easy it is to become one.

I ve always one question coming to my mind:  If I got a really hot deal, how easy is to find a hard money company to fund my deal, and how fast generally they lend their money? 

Try alpha funding they are very easy to work with

Over all I would say that you are trying to do something that is not easy to do and will likely involve you in some risky deals.  

@Jen Allen  Easy Peasy...    

So this brings me to what ideas and questions i have: i am looking at a nearby new construction multifamily property (townhouse), where the area/location has great schools and convenient  to many amenities such as shopping and easy access to downtown.Also, this townhouse is a new construction property and should reduce or eliminate  my expense cost for the first couple of years due to warranties.  

Two: I feel as though I should be running the numbers like the 70% rule starting from their listed price...

However to keep order here we have some clear rules that must be followed.