This dictates what is a deal more than anything.For example in Ohio if I was using the 1% ruleColumbus: 1% rule doesn't exist, more like 0.5% rule and good cash flow is hard to come by.

And obviously a copy of all existing lease agreements.

New or existing?

Do you need to assume or take over any existing loans? 

What do you all think of a mobile home park converted into a tiny home community with larger yards.Rate would  be bumped up and sites would be converted to being available for tiny homes or nicer RVs/motorhomes.Standards would be part of marketing so that boomers and others wanting affordable but nice housing contexts would be drawn in.This would be one model - buying existing parks that are more rough and fully flipping it into this style. 

IMO, It does not matter how “qualified” the buyer is, it means nothing without the money to close the deal, and is not really your responsibility to help buyer secure their finances.I would suggest you stop chasing what doesn’t exist and find another source.If the buyers bank/lender/whatever won’t loan to him based on the way he conducts business, (the assignment), he’s not your buyer and probably not anyone else’s in a wholesale situation.

I agree buying existing multi-family in LA is expensive so if you can't buy it, build it.

You could do a multi and have roommates in your side and rent the other or you could do a single-family house hack with room share, which is what a lot do with existing roommates.

My wife is similar and when we went through the first 3 baby steps, she really couldn't exist with only $1,000 baby emergency fund. 

@James York, if you can delay COE, have the existing landlord handle this.