Additionally, I can control which properties I want to target.

Allowing him to simply move in also sets the tone that they are in control of the property, rather than the landlord.     

There are several amazing meetups here in San Diego where you can talk to people who are in various investing ventures.

This concerns me because we cannot always control what the movers do.

@Peter Sik  There are now statewide rent control laws in addition to some local laws. 

That is much more of an interesting venture over holding a large loan balance over a longer period of time.

I have a goal to purchase my first deal along with my wife within the next 4-5 months however; when the time comes I want to have a solid strategy that will set us up for success on our first venture.

I did not realize how much there is to learn when venturing into the world of investing in real estate.I look forward to the process and learning from this community. 

DO NOT BUY MF rentals in LA unless you understand rent control! 

Would be nice if you can start off at say 70 LTV and as things appreciate or its paid down, you can easily add more debt to buy more or cash our some for other ventures.