Take CREI for instance, 3-5 years ago nobody dared to think outside the SFR/seller-financing/wholesaling/flipper box, now multifamily is becoming everybody's gig.Thus, let us stay nimble, practice, learn, grow our network (PM me ;-) ) and expect to gradually change strategies as everything changes.

Im defintley expecting to put a lot into the renovation although i have not decided on a contractor yet because i want it to be a solid home i bring him to.

I did review schedule B exception of title  with my attorney in my last commercial deal (although it was general warranty deed). there were like almost 3 pages listed in schedule B on that one. although I don't quite remember what were the rationales my attorney explained, I do remember the conversation went fairly smooth basically being told those were all fairly standard and common exceptions he expected and nothing to concern with...the broker did say I can ask for general, but I'll get countered 100% with special by seller.

Work, work, work then the money will always come even if it’s a month or two later then expected, be grateful you are making a commission at all, it’s not easy, it’s cut throat and competing against other agents and getting sales should be your main concern.

Does anyone know what the expected cap rates are on the newly a-b class apartments are?

How do you expect to get any of your cash back?

As far as tenants; I don’t know California’s laws but basically you advertise, screen, get a landlord type of insurance policy, sign lease, set expectations, take care of tenants and home but don’t confuse that with being soft on due dates etc.

@Florent Cohen a lot of the investors I work with are choosing single family homes due to the appreciation expected in the Tampa Area over the next few years. 

i am sure the insulation isnt the best , thats to be expected .

Obviously, expectations would be set up front with the initial investors.