I'd strongly suggest you link up with some top-notch commercial brokers to help you navigate all of the expense ratios and commercial multifamily lingo that others pointed out above. 

Whether it's a short-term fix-and-flip project, a short-term rental scenario (like Airbnb or Vrbo), or a long-term rental property, tailoring financing arrangements to suit your needs can enhance your ability to optimize returns and navigate various market conditions.

Regulatory and Legal Understanding: I will also need to navigate the legal and regulatory aspects of real estate investment in California.

Real estate stakeholders will need to be agile and well-informed to navigate through these changing tides, balancing risk and opportunity.These two factors will be instrumental in dictating the pulse of the U.S. real estate market.

It's up to you and the inspector (and potentially your broker as well) to decide how you want to navigate the process after the inspection. 

@Marie Prophete That's a difficult situation to navigate!

Can they be navigated successfully?

These questions will serve as your guiding stars, helping you navigate the complex world of property investment.As we dive into these key inquiries, you'll discover the secrets to making informed decisions and securing your financial future.Question 1: What Are Your Goals?

Sellers and realtors must navigate these waters with agility, understanding the motivations that drive each group to close the deal:- Diverse Marketing Strategies: Tailoring sales approaches to meet the emotional and financial needs of each demographic can make the difference in today’s segmented market.- Understanding Motivations: Recognizing that boomers may prioritize ease of transaction and lifestyle amenities, while millennials may value potential for appreciation and work-life balance, can inform more effective selling points.As the landscape of homebuying evolves, staying attuned to the demographic shifts will equip buyers, sellers, and industry professionals with the foresight to adapt, thrive, and find success in a market as diverse as the lives it aims to house.

States have different requirements and interpretations, so consulting with a knowledgeable attorney and tax professional can help you navigate the complexities.