I think they are different from what I've read.Dmitriy - Yes, absolutely 5.75% is FAR cheaper money than anything HML and far easier to access cash than any other source of financing. 

So it stops you from buying and deal with the numbers don't work.

The city can't stop you from buying and they can't force you to build.Assuming that answers the question of "can I" the next question is probably "should I". 

Don't let finding someone at the property stop you from reaching out to the owner, you can still get the property under contract even if its occupied.

-I have access to a below market variable rate (currently at floor of 2.75%; cap is 10%) loan that only requires 10% down through my employer for a purchase of a new residence.I'm trying to plan out the best financial moves going forward. 

There are very unique opportunities like working with government to build and provide housing, or create a business that renovates rentals for individuals with physical disabilities... flats with wider doorways, handicap accessible bathrooms, lower counter tops, etc. 

And the connections I am making seem genuine and accessible.

We stopped doing direct mail over a year ago.

Since reading rich dad poor dad I have been reading non stop and listening to the bp podcasts.

my suspicion (I havent gotten access yet) is that these three small cottage style rentals are not on seperate meters, and owner is paying utilities... therefore got solar... which I dont like... in Ca... people blast AC and behave like kids with their power if they arent paying it...