Don't try to save money by not using an attorney to draft docs.

As you know, this part of CA is nothing like what most people associate CA with.

@Mindy PerryReally doesn't matter what software you pick as long as it has the features you want.Two biggest challenges with ALL software:1) None are perfect, so deal with the tradeoffs2) Most users rarely put in enough time to really understand how to utilize the software.

I have done it with some contractors taking Paypal where you can use a credit card on that site with a fee, or QuickBooks is another one too.

Good luck with getting this tenant to accept higher rent, because you've trained your tenant to think they have a "mortgage payment" that never goes up!

We have used a screening process, where the floors are not sanded but screened with a material like a window screen. 

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

My understanding is that typically, a homeowner must live in the property for at least a year before converting it to a rental.

Since our son will be living there, should we have him own 51% and we own 49% and put the financing in his name (with us as co-signers) to homestead it? 

This may lead to some longer bookings further out with your 3 bd listing.