Hello,Been looking at single family homes for about a year now.

My purchase it’s going to be a single family home (R1) in Torrance, CA, but it currently has an approved and permitted 800 sqft structure in the rear that is currently a hobby room.

I cannot think of a single area in town where there isn't significant demand for rentals.I'm local so if you want some specific advice or help please reach out, I'm happy to help.Unpermitted additions often are not an issue if the construction is done properly. 

Is this a single unit in a co-op or condo, or in a larger rental building?

I have recently bought an single family investment property partially with a HELOC and other miscellaneous funds.

By picking a single strategy (ex. small multi-family, single family, apartments, self-storage, mobile homes, etc.) you can concentrate your time and resources on mastering that strategy to maximize the ROI you can get.

My market right now is 'hot' and have been looking for my third property using the BRRRR strategy and condos and single family's are a little cheaper.

We should have enough cash after closing to but two more singles and end up with four times the cash flow. 

Be smart - stay single, or at least make sure you get a pre-nup! 

I don't know what that means in terms of coverage if say your house burns down, could the insurance company not pay out a claim due to you having more than 1 family living in a "single" family house.