In my opinion this shows a lack of integrity and had I been in his shoes I certainly would have honored the verbal acceptance...especially since I was already considering another deal of his.

I'm actually glad you reached out because on my first post on BP I mentioned that I wanted to look into buying and holding solely MFU because I find it logical and comforting that if I have - let's use your example - a 6-plex and am renting out all 6 units but then I have to evict one or they leave and all of a sudden have 1 empty unit, I'll be OK because although I'm down one tenant, I still have 5 others that I'm generating profit from.

You just then need to know that the investment was made 50/50 or 60/40 or whatever, and then allocate all future expenses and income on that same basis.If the one project will be the sole investment of the plan, you can administer it out of one participant account and reconcile periodically, so that you do not need to write two checks for everything.  

Upon termination of the tenancy, such security deposit, whether it is property or money held by the landlord as security as hereinafter provided may be applied solely by the landlord (i) to the payment of accrued rent and including the reasonable charges for late payment of rent specified in the rental agreement; (ii) to the payment of the amount of damages which the landlord has suffered by reason of the tenant's noncompliance with § 55-248.16, less reasonable wear and tear; or (iii) to other damages or charges as provided in the rental agreement.

Since you are in the East Bay market what would you do if you were in my shoes?

I'm very familiar with the area, so if I were to stand in your shoes, this is how I would look at your optionsMonthly expense on current home based on the numbers you provided - $3144 (PITI)I don't know the property and any comps so I would suggest you to run the numbers to see if refi makes sense in your case given today's interest rates garage rental is a not a bad option, I know you can find tenant easily in Reseda.

Curious what options and thoughts others have if they were in my shoes and wanting to invest in R.E..  

I'd have to say that in your specific case the value of your property will not be based solely from cost comparison as is the norm with a residential home.  

I'm thinking of doing Airbnb near the beaches as solely investment.

., a company setup for day trading stocks).Only rollover funds from non-Roth fund sources qualify for funding the C-corporation.Only a C-corporation may be used in the ROBS transaction; therefore, other entity types such as an S-corporation, LLC, partnership and sole proprietorship may not be used in the ROBS arrangement.The purchase of employer stock must be for adequate consideration (i.e, the 401k profit sharing plan must purchase the employer stock at fair market value).No commission may be charged for the 401k profit sharing plan’s purchase of the stock.An annual valuation must be performed of the assets of the plan including the employer stock.If the business has existing employees, it is likely that those employees will need to be provided the option to rollover their retirement funds and invest in the business if they wish to do so.