Every lender has different requirements.

@Akinbowale AjiboyeMost lenders will not lend in second position, and the ones that do are usually going to require a much higher return than 2%-5%.

Conventional refis require 12 months of seasoning now, so many investors are using DSCR loans.

Some of those can have requirements for you to pay off their 'loan' if you move out.

Needing a W2 job is not a requirement.  

Is every agent require to have NMLS ID?  

I thought about getting a multi family, but the cash reserves required are somewhat limiting atm.

However, it requires careful planning, market analysis, and execution to be successful.

I'm wondering though, if I market them as lease option/rent to own, will a PM show the property, handle paperwork including the option contract and then manage the property or does that require a real estate agent?

Prop 19 requires one of the sons to make the home their primary residence within a year and file exemption so it is not reassessed from base value + 1M.Question is how long does one of the sons need to make this home their primary residence?