I do not know if that is standard around the country or is a state by state situation, but I just wanted to hear from you wonderful people about what you know about the subject of how taxes change when you own multiple properties (or if he didn't know what he was talking about). 

I don't know exactly where they get their data (i.e. how subjective is it?)

If the borrower... does not own a principal residence, and does not have a current housing expense, then for qualifying purposes... rental income from the subject property cannot be used."

The designated occupant is subject to the same rules as my Tenant by the lease but if my Tenant doesn't pay for October, I don't have to accept rent from a designated occupant right?  

Any input you could provide on the subject of would be greatly appreciated.

Call up these agents beginning with the ones you see most frequently on the sites.When speaking to the agents:- Share your RE experience - past and current- Give them a detailed idea of what you're looking to purchase, how you are funding the deals, and what your plan is long term.- Lastly, offer to provide proof of funds, pre-approval letters, and any financial information that they can see to verify that you're motivated, serious and qualified.Best of luck to you moving forward!

We also have an accountant that we work with frequently and have formed a few good connections with investors and some local banks.

If you hold your investments in LLCs, you may be subject to the $800 annual LLC fee in CA, even if you don't invest in CA, simply for just being a resident of the state. 

(b) (1) Except as provided in paragraph (2), this division shall not apply to a depository institution, as defined in Section 1420, a person licensed pursuant to Division 9 (commencing with Section 22000) or Division 20 (commencing with Section 50000), a person licensed pursuant to Part 1 (commencing with Section 10000) of Division 4 of the Business and Professions Code, a person who is subject to the Karnette Rental-Purchase Act (Title 2.96 (commencing with Section 1812.620) of Part 4 of Division 3 of the Civil Code), or a trustee performing acts in connection with a nonjudicial foreclosure pursuant to Article 1 (commencing with Section 2920) of Chapter 2 of Title 14 of Part 4 of Division 3 of the Civil Code.

@Ben RandallI have a few thoughts on my 2 cents on the subject...