All for free?

Feel free to shoot me a DM and we can discuss further.

Feel free to reach out with any questions!   

hey @Shaydon Childersmost responses are right, this will be challenging for traditional DSCR as they dont like gift of equity; and seller credits would be capped (usually at 2% of your purch price) and only allowable to be applied to closing costs. i have one lender (specifically for 1-4 unit investment properties) which will allow for up-to 90% CLTV... and they are okay with seller financing so long as the seller is in 2nd lien position, allowing them in first lien position. they would max at 75% LTV on their 1st, with a 15% allowable seller-carryback (90% CLTV), and then up to 3% seller credits toward closing costs too. they offer 30 year fixed rates, however, due to the added risk for the lender, the rates are going to be much higher than the traditional DSCR loan.

Many California tenants know the law better than the landlords and they have free access to legal assistance.

My wife and I have good credit and she has a decent job making about 80k a year but I am the main bread winner of the family.

Background and credit checks are excellent. 

You may also be eligible for state tax credits based on state, filing type, etc.

Taking out $500K of tax free money (sounds like Section 121 (married)) through the sale of the property is great if you're trying to scale your portfolio.

It's quite freeing being able to do what you want when you want.