Along the way, I discovered hardwood floors under the tile (unfortunately, not salvageable) and replaced them with new hardwood.

Opportunity for Value-Add Projects -Many California neighborhoods are ripe for value-add opportunities under SB 9.

I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

And that's a metric I use, navigation in UNDER 3 seconds.

And then throw us under the bus when we don't agree?

Every one of the owners he is under contract with will tell you to run from this builder (law suits in the works).  

You will take care of repairs under say $200 or $300.

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.

We recently put the house under an LLC but are not sure if the lease should reflect the LLC as the landlord or keep our names.

You can usually get Boone's Farm for under $15.