I know you are trying to "help" the homeowner by allowing him to rent the house back and share in the future profits, but this sounds like one of the exact situations those CA laws were developed for.

@Paul Gostanian is there any way I can help you out and learn a few things?

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

I need help jumping into this life!

That would help you to address such issues at your end.  

This helps narrow both your learning and searching, also the people you deal with will appreciate being able to narrow down the discussion.4.

I believe that partnering with more experienced investors or finding an agent that works with investors to help dial in your numbers would be a great way to learn to do this.

Any advice on strategy for multifamily properties would be helpful in terms of narrowing them down, and areas in Michigan to look in.

I ask that because that would help inform the strategy.

I’ll schedule an email to send at a later date, and I’ll use my sent box as a task tracker/reminder.Anyone have any good strategies to help keep on track?