I am currently favoring staying as local as possible because of my inexperience.

Right now I want to make sure my facts are correct but I will say this about any LENDER.If your terms change suddenly the day of closing and it is not in your favor do not sign.  

You don't have to share exact numbers , just interested to know if this is ending up in your favor ( numbers wise) 

If no major deal killers that would affect income stream of the property or your desired lending structure are found then the buyers commercial attorney prepares the PSA or the sellers does.If sellers prepares initial PSA then the buyer might save some initial money but the contract could also be loaded in favor of the seller instead of fair and balanced to start with minor tweaks.

@Marc C.I have a few thoughts I can share regarding your posting from my only 6 months of pretty favorable experience with crowdfunding across multiple platforms in small investment amounts....You absolutely must read the contract before you invest.  

Not to say that you cannot do well in Sacramento area - but I am biased in favor of Hayward as that's where I have been investing (for cash flow) for last 7 years and have done very well.  

Key factors include state income tax, property tax, insurance cost and landlord favorable regulations.

Condos and townhomes typically lose favor before single families do as the market cools.

You need penalties if tenant does not disclose proper sales figures etc.Really need an attorney to draft a good lease in the landlord's favor.

Is it something that means no driving for weeks, and him then asking me to do him favors?