Are there certain steps I should prioritize?

If there’s an electrical issue, it’s typically up to the landlord to fix it.Heating and Cooling Systems: The landlord is responsible for maintaining and repairing any installed heating and cooling systems.Appliances: If the property comes with appliances, the landlord is responsible for repairing them if they break down.Safety Repairs: This includes things like smoke detectors, carbon monoxide detectors, and any other safety equipment the property might have.Remember, these responsibilities can sometimes vary based on the terms of your lease agreement, so it’s always a good idea to clarify these points with your tenants.

Less money down means more money that can go into your rehab/stock market (I'm assuming you will make more than 5-7%).2) Low payment focus: If you prioritize stability of lower payments and are risk adverse, putting more money down is something to seriously consider.

In my opinion, if you are just starting out, I would prioritize investing in higher cash flow states before investing in a higher appreciation state like California.

Gross negligence is typically defined as conduct showing extreme indifference or a reckless disregard for someone's safety or propertyGood luck determining whether the PM's act rises to gross Wilful Misconduct/Gross Negligence. 

Fees are built into a lease to make that reminder memorable.Refrigerators feel like a modern necessity but they do not rise to the level of habitability concerns (i.e. life, safety, health). 

Otherwise many investors would buy, "kick out," and bring in higher paying tenants.I think the better question is what's needed that is health and safety?

It can only protect you if you are honest, a landlord who keeps health and safety codes up, you have great insurance, you never mix the money, and you are lucky.

Fortunately there are tax strategists and firms out there that 1) prioritize client education and 2) focus on strategy over compliance. 

I sincerely appreciate your input and support.As we prioritize cash flow and equity as our primary goals, we understand the importance of strategic location selection to ensure optimal rental income.Considering our business objectives, it may be necessary to expedite our planned strategy to increase our capital expenditure and emergency fund, mitigating any potential risks in the coming year.