I keep hearing how it is a terrible idea to buy at the height of the market.

I see how many people struggle to find a place because of their dog so I wouldn’t have any breed restrictions, the dog just had to get along with our dog.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Cleveland Heights.

Up to 80% LTV, but there is still the restriction of 1.25 DSCR, which you have to be careful because every commercial lender seems to calculate that differently (especially how they view expenses). 

(can be held at the title company or the real estate brokerage) Then you "open title" by sending the contract to the title company (some states have realty attorneys that do some of this, I'm not sure the details for those states) When title is opened the title company doe a preliminary title report, meaning they're searching the title for all the liens and easements and restrictions, etc, and tell you what they're insuring (up to the purchase price) and what they are not.If you are doing inspections and other due diligence, appraisal, well/septic, as-built, all that gets done in the mean time, if there's a deal breaker in your due diligence period you would get your earnest money back (check with your Realtor... if you're new at this and don't have one, get a Realtor)The remaining funds for the property come when the deal closes, this would be the cash from the buyer or a lender.

You can do sooner with delayed financing if you paid cash - with the restriction of pulling out a max of the purchase price plus closing costs prior to 6 months.

California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

As long as it was legal When the third unit was added, it is grandfathered in, along with the restrictions that come with that.  

Can a landlord restrict or prohibit a tenant possessing firearms in a rental unit, or on the common areas of rental property? 

There are very few restrictions on that.