What is my best bet for a loan/lender here?

I pulled this list from Oaklands Rent Adjustment Program page.The following are subject  to exemptions from Rent Control.Subsidized Housing.Motels, hotels if occupancy not more than 30 days.Hospital, dormitory, extended care facility, etc.Non-profit cooperative owned and occupied by majority of residents.New construction (built after January 1st, 1983)Substantial rehabilitation.3 units or less owner occupied properties.The unit that an owner occupies in any building.Non-profit facility-homeless/substance abuse treatment.Unit in trust for the developmentally disabled.Shared facilities with owner and tenants (bath/kitchen).Costa Hawkins-Single family home or condominium.Vacant unitsLink: https://www.oaklandca.gov/reso...The most notable is the houses built after Jan 1, 1983 exemption. 

Best bet is to find someone you want to work with and get on the phone with them so they can get more info about your situation and find the best loan product for your goals and situation.Make sure you get your files together:Tax returns, business and personalmortgage statements for each propertyProperty tax statements for each propertyInsurance declaration page for each propertyBusiness entity formation docs P&L of your income and expensesGood luck!

That way your getting a lower 30 year fixed rate and keep the payment affordable with no prepayment penalty or adjustable rate. 

Refinance and put that money towards as many purchases as possible seems like your best bet towards being a full time investor. 

I am thinking doing lease options is my best bet to getting started.

I bet the 3 bedrooms get easily $1200 monthly all day long if not more depending on the condition and amenities. 

I believe your best bet is an LLC as you can create an operating agreement that specifically calls out dozens of potential scenarios, cash flow, refi, sales, death, etc which an attorney can help work through easily.

Andrew,Congratulations, I bet you learned a lot of great lessons along the way.

Best bet in my opinion is to clearly describe that there is only one bathroom.