Liability risk management for me involves an "onion layered" approach.Layer 1: Know the law, follow the law.Layer 2: Respond promptly and professionally to legitimate repair requests.Layer 3: Properties held in Limited Liability CompanyLayer 4: Carry adequate liability insurance. 

Ballpark each $1500/mo chunk of rental income will add $75k in purchasing power, for owner occupied low down payment 2-4 unit home purchases (if any of that changes, the math goes out the window).3.

Some people still have limited plans and your text could cost them money.

I believe the limit for an engineer is a 4-plex (could vary by state).3 - Since it will require an architect to seal that means they take all the liability, which mean they take the liability for someone elses design.

I would say keep an open mind and don't limit yourself to California. 

However be careful as there is a limit to the number of times a Lender can refile a foreclosure. 

Since you're only 16 with limited income and capital, traditional lending methods are out of the question to acquire property. 

@Allan Szlafrok There are actually limited detail o the house apart from the fact that it was built in 1910.

The answer depends on so many factors including but not limited to: age, risk tolerance, job type, job income, job stability, long-term goals, education, type of market you will invest in, current savings rate, cash reserves, etc, etc. 

@Son D.Yes, however the deduction may be limited.