Take into consideration that when the person you gifted the property to will have special tax considerations as well 

They paid their portion of the rent.I have found a lot of investors bring their personal or political feelings into the investing conversation. 

This is our boilerplate language:Insurance: Tenant should obtain a renters’ policy of insurance on their personal property.

We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc. 

Raising your credit score will get you far better rates personally as well as with private lenders for your LLC. 

I haven't personally dealt with any crazy insurance premiums such as the ones people have been advertising in like Tampa, FL.

But I don't know your personal situation and all the financial details. 

Awesome to see a new investor-minded person here.. do you have a favorite real estate success story already?

CA has more than half of the nations homeless/unsheltered persons. 

We've not met in person yet, but know each other.