More CA specific info here - https://expressevictions.com/c...And this one says tenant must prove both that you accepted the payment AND did not notify them that partial payment would be insufficient.https://www.justia.com/trials-...So, post a new letter and include language that partial payments are not sufficient (and maybe put the legal phrase "accepted with reservation" that some other states require, as well).

If you don't qualify for the more stringent bank financing, there's a whole tier of lenders out there that do no income verification, little reserves required with just 25% down. 

Just be aware that since you are not cash flowing you should be setting aside some reserves from your personal accounts for money.

If they limit the number of licenses, a portion of their population will be sitting in the gutters by the roadsides homeless (which is what they may want in order to increase the Federal Aid going to the city (to line the pockets of TPTB) there while perpetuating the actual problem the money is supposed to help). 

Do you have money in reserves, borrowing capacity, other sources of income?

But if your goal Is cash flow and investing in California and considering a 5% vacancy reserve, 5-7% repair reserve, 5-10% property management, you are not going to cash flow with a low DP.

2) Do you have sufficient cash reserves to pay for mortgage when you have vacancies or repairs and maintenance?

Your primary residence will not be taxed at the federal level, but possibly at the state level.

Does anyone know what would happen in Florida if you purchased a foreclosure property that has a federal tax lien filed after the lis pendens?

This is why banks like to see 6 months of reserves to weather the storms.