It’s not a slam dunk, but it’s definitely the kind of property that could work well if the zoning and STR rules line up with your plan.

My plan has been once i got situated with a stable source of income to start investing in rental properties.

The tenant plan is where your real risk lives.In CA, tenants have significant leverage, even on month-to-month leases.

Problem with that is most people don't think ahead and plan.   

Are you planning to stay focused on flips long term or eventually add rentals into the mix?

That made the repair clear to everyone for estimates, as it was now part of the plans I submitted to the town for approval when obtaining permits.

I am seeking good ROI analysis tools (spreadsheets, calculators) for evaluating multi-family live-in unit (3 or 4 units) that I am planning on purchasing in Orange County or the Inland Empire in Southern California, over the next few months. 

My business plan show great returns and because of that I was approved, but my gut is telling me it’s to good to be true, can someone help?

Will get Engineering plans. 

We plan to drop a LUX HUD from zook cabins on a pad.