This can be advantageous because it often allows for more flexible terms, such as lower down payments and sometimes even lower interest rates.

While reading your post I was thinking "sell the Cali properties", but with 3-4% interest rates (and I'm assuming those are long term fixed rates) you will be best off to cash out refi (non-tax event) and use those funds to buy multifamily.

@John DeanPrivate money would but private money is short term so you are more liquid and I believe borrowers on private money are a lot more qualified and you have much lower ltv than you would on a seller finance

to give some feedback, you will need to estimate the cost to repair the house; if you don't know how to do that, we just need some  information of what the house needs and the sqft of the propertyIf the house is, as an example, 2500 sqft, and It looks like you are stuck in time back in the 1980s, but the AC is working,  the roof is ok, and there are no foundation, plumbing, or electrical issues; I can assume maybe a $20 per sqft, so the rehab is about $50K to 60KIf the ARV is 290K minus 10% closing/holding costs, - minus 20% profit - $50K rehab, ideally, in this example, I need to buy the house for about $150K to flip it, but as a landlord, I may be able to pay a bit more, as long as rehab is not too much, and rental is about $3,000 to $3,500 a month

They seem, at the surface, to be a logical instrument for long term incentive alignment, especially in today's market.

If the title company has a long term escrow department better chance they would be willing to work with you as they could facilitate payments after closing as well if the parties wanted that.If taking time to find that one asky why the ones you have used don't want to touch the deal is there something wrong with the deal you aren't seeing, or they just don't want to do it.Best of luck!

I'm a CPA and full time real estate investor, have flipped hundreds of properties and own a rental portfolio (both short term and long term).

In addition, there are terms that must be considered.

I want to know if it is worth doing it and how long we should keep it?

Your thoughts and suggestions are greatly appreciated.Leticia My view is AB1482 requires you to negotiate with tenant any significant change of lease terms (loss of garage definitely a change of lease terms, loss of yard and construction zone may be change of lease terms) and your tenant can likely block your efforts.