(if I made $200k I would be taxes on 80k after taking the standard deduction and child tax credits, etc. 

@Maciej G.Maybe someone with a local jurisdiction could chime in but at far as international building code goes- there is a heat minimum for a home - but like I said some local areas could have their own laws regarding this.

so i just worry about new investors who haven't internalized (yet?)

Meals may be 50% deductible if tied to business discussions, and if you drive, you could deduct the mileage at the standard rate.

You can also use what is classified as a “Standard” stamp and as mention a machine presort stamp.  

It seems to be a need in the area and its much cheaper than a standard motel for a month.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

I'd love to get info/opinions on whether there is a "standard" amount of time to increase rents in the Bay Area for Single Family Homes.How do property management companies/landlords handle rent increases for existing renters? 

If after adding the additional monthly recurring costs (electricity, gas, water, internet, insurance, lawn care, snow plowing, etc.) to the standard long-term costs (Mortgage, taxes, regular insurance, etc.) the property won't net at least $100 if I can get the average rent I see on FF for that area, then the property isn't worth more investigation.

Historically, the standard fundamental was that your going-in cap rate should be higher than LONG TERM, FIXED rate interest.