Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I think the issue is going to be more on BP side of how do you collect and monitor this, and is it really worth it, or do you just ban someone for a month for first offense, 3 months for second and lifetime for 3rd...

If you elect a PPP shorter than 2-3 years in most cases, the lender is simply going to collect that fee A) upfront as points rather than as a PPP, or B) with yield, meaning a much higher rate.  

CA will want to collect the portion of the tax due while the property was in CA. 

To avoid actually collecting money every week the lease agreement stated that the term was week to week, but if you paid in advance for 4 weeks worth of rent on the 1st of the month, you would receive the remaining days of the month at the discounted rate of being free. 

Get connected to resources!

Quote from @Adriana V Alvarado: Hi everyone, I am just starting out in real estateEveryone has different ideas , goals, and resources but most people would probably tell you not to invest for rental in bay area.   

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

Combining your property insurance and tax strategy services (such as cost segregation) can help alleviate some of these frustrations.The most important resource for any person is time.

Since you are looking out there to buy I am guessing you are working with an agent that may have a lot of these resources too.