Thanks Scott I got a nice mention this week on Dave Meyers post about RE asset class. and one of the BP members a few years ago sent me a nice e mail and we talked through a deal he was doing and he gave me some credit for helping him structure and or giving him encouragement to go for it.. and I believe he said this year that one deal netted him 143k in cash flow.. talk about a Yatchzee..

We encourage you to familiarize yourself with this new California law and seek legal counsel for further guidance.

Unless you're 100% sure that he can, I wouldn't encourage him, which you're doing.

Obed, Ray, Adita,Thank you all for the warm welcome and encouragement.

I was getting DR fever thinking I would have to pay my mortgages off etc.. but you all have encouraged me to grow doors with a healthy debt and inspired me with your stories!

I strongly encourage you to consider a variety of asset types while you build up the capital to enter non-owner-occupant investing.  

@Vinay M.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

the cash flow from any rentals is just not going to be meaningful at all in the first few years.  

So you asked for legal advice on this forum and was encouraged to contact an attorney.Then, you were not getting the advice you wanted from the attorney, correct?

-----But if you have your own addendum referenced above, here are few others you could add to the list you made:Annual Maintenance Encourage tenants to perform or arrange for annual maintenance checks on their AC units to ensure optimal performance and safety throughout the season.Contact Information for Approved VendorsProvide a list of approved vendors or technicians whom tenants can contact for professional installation, maintenance, or repair of their AC units.Emergency ProceduresInclude information on what tenants should do in case of an AC unit malfunction that may threaten the safety or structural integrity of the property, such as water leaks or electrical issues.