.- Logo designed and color palette chosen for consistency and professional look- Facebook and Instagram biz pages put in place- I am a graphics designer and created templates for coming soon, new listing, etc online ads using chosen color scheme- Website created (no IDX due to no money :-) )- Door knocking on 100 doors and left flyers I designed.

We don't see a whole lot of this, but there are those folks that get out on the internet and read too much of the wrong stuff and then want to get overly creative....A SDIRA can be a fantastic way to create retirement wealth without having to push the envelope of the IRS rules, so why go there?

The 1% rule (and sometimes the 2% rule) was created for evaluating mobile home parks and storage facilities. 

Both properties are zoned RH and could combine to create about a 9,600 square foot lot.

If your friend wanst to create a somewhat segregated space for a long term roommate inside the residence I don't know that the HOA can really do anything about that without violating federal law...

This is why you budget and create a reserve funds.

Many lenders will vary their programs to create niches for customers and remain competitive. 

Long term game, we are looking to really target multifamily properties for long term wealth accumulation and cash flow, but I don't see how that could even be remotely possible in the CA market without substantial starting capital.Some of my other thoughts creating our indecisiveness include:-Despite the amount of research and networking we do, would out of state investing for a beginner not be advised?

Can I do this if I put the property in an LLC I create specifically for it at the purchase of it? 

They are jobs.If you want to create a low effort income stream (I would not refer to even buy and hold RE as truly passive) then BRRRR is a good approach.