You have to account for variable expenses - it will happen!

However, I am a member of several different companies organized as Limited Liability Companies (LLCs) where members invest in a project (Single Purpose Entity) or projects (like a real estate LTH company) jointly, similar to (but different than) what you may see in a syndication or investment club investment.

We are accountants so we have some knowledge about investing however, we have no capital yet.

Where have you accounted for property taxes or repairs/ maintenance or property management if you plan to go that route?

He sells the home and temporarily parks the money in his joint checking account.

State taxes should have a minimal effect on evaluation if you live in CA (excluding property tax) because my understanding of how the income would be taxed is (state income was generated in taxes first if it is a higher rate than CA no further tax, if it is lower rate CA takes what you paid the other state into account and taxes the rest of the way up to their normal rate)  Hopefully that made a bit of sense it is difficult to explain in text format.

It automatically transfers the money from the tenant’s account to yours.

Keep your money in your account. 

The 404 error when trying to log into my account started happening a few weeks ago, and it happens like 2-3 times a week.  

In the meantime build up a bit of an account balance for that property from the four rented apartments, and then move into the desired apartment with a little cushion in the bank.