I may have been a 'consultant' for another's property before.To fully be classified as a 'property manager' which requires a license if you don't have an ownership interest, a few key things need to not be among your services rendered.I didn't place anybody without owner approval.  

If you are looking to be classified as an accredited investor the SEC doesn't really come to your house and invade your closets so if it looks legit on paper you're probably ok but again always seek the council of licensed attorneys

Be careful here, two years without income gets you classified as a HOBBY and all bets are off! 

We've drafted our promissory note, have the funds ready to move, but I'm not finding any information on the web regarding the proper place to have the funds when the purchase is made. 

I'm talking with a data/web guy to put together a private app to visualize population and job growth data.

@Prashant SinghIn our experience, you can classify neighborhoods, blocks, properties and tenants.While you are on the right path with trying to equate neighborhood class with property class, it doesn't always work that way - and is an opportunity for a smart investor.Yes, you want to stay away from the Class B/C property, the best house on the block, in a Class D area.

I might have to beef up a joist, and the books and web sites I've looked at really gloss over this.

What convinced me to choose this area over other candidates was the local news they stream over the web.

Here are some of those provisions in the CA Civil Code 1695 - But, as always, DON'T TAKE LEGAL ADVICE FROM A FORUM POST ON THE WEB, including from me! 

Would you classify your property as a luxury place?