It's one of my better performers with a great tenant and a great house.

We perform due diligence on each project prior to placing them on the platform. 

The landlord &/or his employees are not allowed to do the move out, it must be performed by the court approved movers. 

So I still must be careful and triple check everything.So basically IMHO newbs can use a calculator, but should understand it... should never base any final decision on it... and always perform due diligence no matter what the calculator says/.

Here's how investors that have worked w/ us have leveraged their Self Directed IRAsStraight Loans (equivalent of Hard money)Investment in to LLC that then invests in Real Estate (The investor was not a member of the LLC- the IRA was)Purchased the property out right in the name of the IRA (this included funds from the IRA for renovation & flip)Purchase of notes, performing & non-performingPartnered w/ their IRA- This is rather complicated but possible to do.In each case all profits went back to the IRA.  

As a posed to him defaulting and then I have to perform eviction proceedings which is costly and probably takes longer.

When the six is completed and performing, we will start pulling apart the 12 ... it is built in the classic H-block fashion of its day, so we could pull apart 1-side of the building at a time.I would start with bringing an inspector or contractor through and, based on the findings, you may want to bring in an engineer (structural), electrician, HVAC, plumber, etc to get a full idea of what you are about to digest.Congratulations, sounds like an exciting adventure ahead.

Last thing a lender wants is a borrower that has doubts and is unwilling to perform.

To a California guy, that is a wild concept, I know - but it is fact.So, in my opinion, a  4plex makes more sense (more people paying rents) - and in Bakersfield, you'll have plenty of comps.To a lender, it won't matter 1-4 family is all the same.So think of performance ration - in a duplex, you are living in one, you tenant moves out - you are paying the whole boat.  

You do not need a license in every state to perform property management.I am sorry for your situation.