Quote from @Bill B.: Did you read lone #1 of my reply?

Now you have the Tenants Bill of Rights and every tenant now gets a free lawyer if you try to evict them.

Combine these benefits with GI Bill-funded real estate education to expand your knowledge.This post does not create a CPA-Client relationship.

The only purpose of the account would be to collect payments and pay bills like taxes and insurance on assets held by the LLC.

Buy and holds is the key to true wealth with all the benefits of depreciation, appreciation, loan pay down by your tenants, leveraging the equity, cash-flow etc etc, but it often times isn't the active income that pays the bills until you build up a portfolio and even then there's the tenant management or managing your property managers.That's why I'm involved in all 3.

- And more...Let's move past all of the above and focus on understanding and monitoring maintenance charges PMC's bill to their clients.There are two basic components of every maintenance bill, labor & materials.

Hours later she sends me the bill and says "He had to put a new lock in due to something with the door."

Not only does it make the property look poorly managed, it's a great way to crack your main sewer line and leave you with a hefty plumbing bill.

Quote from @Bill B.: You’ll still be personally responsible for the debt and it will still show up on your credit report/DTI if that’s what you’re trying to pull off.You’ll increase your interest rate by 2-5%?

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.