Email me and I'll send you our state form, laying out some elements to consider.

I ask because if the answer is "yes" the ability to use financing (leverage) could make your $700k go a long, long ways.

If getting two properties has the ability to make you more money than one I would do that, but I would just think about it as the money that it is. 

The benefit of having each property in a separate LLC is the ability to place each property in its own compartment.

No matter what style of investing you choose to use, there is always going to be some element of risk, even the opportunity cost associated with tying up capital in anything (CD's, stocks, a loan etc). 

Yes, you have the ability to make more money.

What he is saying is that there is a bill that would provide for an ADU on a (e) triplex development, per SB 1069.

I would actually have a detailed conversation with your lender about what your ability to purchase another property would be if you refinanced or did a HELOC.

In regards to the feds ability to just raise interest rates and contract money supply when they want to pullback, they haven't been able to do that from the last time they did QE in 2008 and there is no reason to believe they could after this event. 

Don’t mistake their helpfulness and abilities for being on your side.