This is the second loan I have done with him, and we have known each other for years and the trust level is extremely high.

You have to keep in mind that there are extremely specific and rigid laws pertaining to civil liberties and therefore tenant's rights.

From at i've seen these kind of yields are only achievable in risky markets (negative demographics, high unemployment, etc..) and with small rental investments yielding very little money per door; thus extremely labor intensive.If you find me a minimum $2m+ REI yielding 15% net in a stable and growing market, let me know!

I've been extremely diligent in looking at properties and analyzing areas.

@Ashley Hernandez  fist off the chance of getting an improved property in CA at tax sale is extremely remote.. but as JOSH said the only way to unwind is if in that first year the person who lost it brings suit.. no going to happen very often.. if at all.. happened to us ONE time in 30 straight years of buying tax sale props..

I also like The Real Estate Guys Radio Show podcast that is a different format and also extremely helpful.Brandon's webinars here on the site are also full of great ideas and valuable content.Good luck to you!!

Again, all of the numbers I have ran on 2-4 unit properties in BK provide an extremely low cash flow and allow for little to no room for vacancy.

We're young and ready to be extremely involved (buying, rehabbing, renting, etc all of the above).

They are extremely helpful and filled with great info. 

And especially in SF, with rent control and urban density, you literally get extreme and absurd situations like a multi million dollar condo literally RIGHT NEXT DOOR to a rent controlled flat where the immigrant inhabitants (6 in a small 2BR) collect recyclables in their back yard.