Well, your gc’s liability isn’t going to cover vandalism,theft, your liability or vandals burning your house down......

I'm sure this has been covered in depth many times before.Good luck!!

Press steel wool  into even the tiniest of openings, then cover with spackle. 

I can practically bring in tenants after some quick and basic fixing such as the roof, painting, carpeting and new windows.

if you can get $3300 a month then you should be able to get $275k-300k for the 3 family unless you need things like a roof and windows which could drop the price. 

The economies of all your tenants under one roof are amazing.

My recommendation is that you save up enough to cover one year of expenses because you won't make much until your second or third year, if you stick it out long enough.

The IRA will need to have funds available to cover all the improvement costs in connection with the property.

I also find that I typically help at least one friend/family member with a transaction each year (which will cover the maintenance costs of my license indefinitely, moving forward).- Yes, there is increased liability; however, if you take earning your license seriously, it doesn't take much to understand what must be disclosed, how to disclose it, etc.

Single family residence in Los Angeles (built in 1962) has only 1 covered parking spot, and a second cannot be added.Do I have to comply with current parking requirements (2 spots) to add a detached accessory structure for storage etc.