I have went on the Internet and searched around for a real estate CPA, but I really trust fellow biggerpockets member instead of the Internet.

Which states:In the event that the PREMISES is not rented or leased within 60 days of the date of this Agreement, or remains vacant without being subject to a lease for any 60 day period, either party may terminate this Agreement upon 30 days written notice to the other jparty of such intention to terminate.......My advise is to re-read your management agreement.

@Lynn M.mentioned this - you should have escrow hold back some large amount of money at closing if satisfactory repairs are not completed before the closing date.

Depending upon your state, you serve a Notice of Non-Renewal 60 days ahead of the lease date.

So glad to find out about BiggerPockets from a fellow new investor!  

It would be my biggest deal and cash cow to date.

(this website gives you up to date listings that are on the Ventura MLS). 

is it from the date when the property was purchased or the date when the title is transferred to the LLC...2)Is there any other ways to protect my personal assets without forming a LLC so I don't lose FHA buyers for my first project?

As a fellow Californian,I will tell you that your small salary doesn't pay for an apartment let alone a multi-family home on a conventional loan.The bank will expect your PITI monthly payments (Principal,Interest,Taxes,Insurance) to be no more then $650.00 per month on a gross salary of 2000.Your gross salary must be 3 times larger than the payment on a conventional loan or even paying rent.The rent you would charge the other families is not allowed to be considered income for the debt to income ratio for their consideration until two years of successful ownership has passed and shown on your tax returns.

I can see why the fellow was so on guard...@ max - very dangerous indeed . though I have to say the other one of investors went to a burned property that was boarded up and did the same thing ...