*This post does not constitute legal advice and is not to be relied upon. 

What is the legal prorated year amount for California.

I've considered potentially using the immediate equity to buy an out of state multi that produced enough cashflow to pay the 2nd position debt plus offset our holding costs over the years. 

One of the tenant insist they have legal right stay there as M2M tenant ( still enjoy paying $300/mo below market rate) because it is legal 4 families and landlord can't ask them move out even owner occupied or landlord family move in as reason to ask them move out.Please BP nation help us on the situation to deal with the problematic tenant.  

Do not rely on it for legal advice.

In the state of Florida, I was always told unless specifically shown a legal in a judgement for a property, personal judgements like credit card, car loans, gym membership judgements cannot encumber real estate.  

That does not bode well in your favor in regards to any potential future evictions issues.3) If you are scared the tenant may bring legal action (or if she did move in, since the contract has already been signed), I would contact landlord attorney Clifford Fried of Fried Williams (https://www.friedwilliams.com/clifford-e-fried).

On August 18 I am ending my lease so I can rent a room instead of an apartment to save money and pay down debt so I can be in the best position for homeownership next year.

Legally, they are mandated to present any and all offers, whether in writing or verbal to the Seller.Your offer should reflect the condition of the property.

Because I'm new to the game, and I'd rather have a professional draft up a 30 page operating agreement that covers many things beginners don't know about legally.