Looks like fourplexes aren't exempt, only three unit or fewer buildings could qualify for exemptions if owner occupied:Oakland Rent Adjustment ProgramOakland Rent ControlA Guide to Rent Control in Oakland

If they are professional, they can explain this quickly and easily.

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

If you do go that route, refinance into long term debt as quickly as possible.Adequate ReservesLiquidity wins when things get tricky.

There are good books here on BP, or you can try the Unofficial Guide To Real Estate Investing or Real Estate Investing for Dummies.

I’m having a hard time finding comps on this property to do quick ARV calculation for my discussions with a lender.https://www.loopnet.com/Listing/2415-E-Southport-Rd-Indianapolis-IN/5172314/How would you folks recommend I calculate ARV on this?

It's mostly for commercial real estate but provides ample checklists and guides you through the whole process.

A quick google search could help you identify the enforcement terms during your initial due diligence but you will want to verify before you close on the note. - For closing, first you will sign a loan agreement to determine what the seller will record, how much they will expect, exactly what you are paying for, and who will service the loan.

Hello everyone I am also new and was wanting to know if I could get a mortgage loan with a credit score in the upper 500s I'm self-employed first time buyer does anyone  know if I would qualify I would rather do L/O than wholesales the wholesaling thing u need to know people u can sell to quick or if u know how long it takes to build a score thank you 

Why are they selling it so quickly?