We could probably pass the vacant rule (if I what I read online is correct).

Thank you for replying to me i really do appreciate it!!!!

I will also be collecting one months rent for security deposit from tenants.Thanks in advance for your reply.

@Katie Sorensen Thank you very much for your reply, I’ll keep that in mind when he time comes.

Thank you both for the reply.

I fear that while Toluca Lake/NoHo are decent areas with studios nearby (for hedging of market correction risk), 2 br condos are already at $500K and therefore further upside might be limited.

Thanks for correcting me, I'm wrong to my understanding too when I reread what I wrote.

Thanks all for your very helpful replies. 

@Denise Evans thank you so much for your timely reply.

Thanks for the reply Hattie, with the lack of Multi-family homes on the market, it sure seems like a SFH with a MIL would be the next best thing for an investor in a tough market.