Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

It blows my mind that you can actually start and operate a legitimate business in the US without telling the government (not the public) the name and address of the owner.

California does not have a law requiring deposits to be held separately (neither did Alabama when i had Alabama properties) and it seems like a significant hassle to address a virtually never occurring event (not having money to return deposit to the tenant). 

Out of the 50 addresses zero will probably be interested in selling so it's a numbers game before you find the one. 

You want to stay in the loop, know what's happening at your property, and address any concerns pronto.

Every thing you read in these forums about rehab, contractor and landlord mistakes, I've done it.

Purchase price: $30,000 Cash invested: $80,000 Sale price: $135,000 First rehab.

Do you see rehabs and dumpsters showing up and roads being repaved or even sidewalks being redone with pavers, etc?

Or try the reverse - rehab a property in a Class D Neighborhood to Class A standards and see what Class of tenant you'll get.

Signed into law in 2021, SB 9 is designed to address the housing crisis by allowing greater density in residential neighborhoods.