You are taking over for someone who didn't care at all about the rules and you want the city to just be like, "yeah, this is fine"?

Dont care if you are making me $$....

Carefully track all activities, as remote management can face IRS scrutiny. 

@Mahin C. Are

Be careful the seller isn't unloading a problem on your.

Hey Nithin, one of my client's closes today on a next gen home that they plan on renting out the separate unit.

I don't care if they're free, I don't need that!"

Without the high leverage you reduce the top source of return in CA RE which is achieve via the appreciation on a high leverage property.  

Where do you plan to find your deals?

In order to do this you need to have deal flow and you need to know 1) How to recognize a good, profitable deal, 2) How to put together funds quickly to buy the deal before someone else does and in such a way where you are protected and the deal is protected, 3) How to run the project so that you follow the budget and don't overspend or overbuild, 4) How to attract an end buyer or a renter and which documents to use to protect yourself and the buyer, 5) If you are going to keep the property then you need to know how to set up the property from the start to best help you in the refinance later, and 6) You need to know how you are planning on managing the property from the beginning in order to make sure it will be profitable at the end.