I didn't know if taking the increase in the EIDL would be subject to similar limitations on the use of funds. 

I was immediately hooked on real estate investing after I received my first payment from my tenant and I've spent the past few years doing extensive research on the subject.

I learned that there are not many offers, may be the other buyers have the same problem as I have (just a feel good guess).My biggest problem is all nearby SFH are about 2k SQFT and not a real comp in terms of size and feature as the subject property is 5 bedroom and 4.5  bathroom.

Take online articles on this subject with a grain of salt. 

There is good potential for value-add opportunities in a metro market with a diverse employer base.

Id love to know what everyone thinks on the subject

I am looking to purchase my first property soon, using a Subject 2 offer.

Is there an existing mortgage, doing a wrap, taking subject 2, with seller carried second or even a contract for deed.

(By the way, you would be subject to a 10% penalty if you do.)

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.