The only issue is based on my research once I pay off most of my debts and save up some money I'm not sure where to start.Since I'm not able to save up $10K plus to buy a rental I am looking at for alternative investment strategies to help build up my initial investment (ideally $30K-$40K).  

However, there are many issues that need to be reviewed to determine if this is possible and what alterations will be required to comply with code and zoning.

Also, they need to have been issued with the goal of cash value accumulation as regular policies are usually crafted for the most death benefit with the lowest premium cost, limiting the cash value.All the information of your current policies were given to you in the initial contract.

Hello California landlords and investors, I came across this post on reddit discussing issues with tenant biased laws in California and lots of the comments seem to suggest that investing or being a landlord in California is very difficult and potentially a hassle/litigious/costly in case of issues. 

Issue #1... the current lease wont end for 8 months.

You made an offer for both properties for $300k, then the inspection revealed lots of issues needing attention, though not major ones, so you offered $280k asking for a reduction in price.

I ended up having to sell that building for a different reason which resolved the issue but it was a nightmare.

As I reassessed and refined my operations, I am about as passive as I should be, spending about 1-4 hours/month dealing with landlord issues.

I have an appointment this week with the L&I office to discuss this issue, to see if they can issue me a letter or anything that notes that the property can legally be used as a two-family.I would greatly appreciate any input that any of you may have!

That would mean that every other lender has already missed it...which might be possible I guess.Hope that makes a little more sense as to what the issue is.