@Michael IzbotskyAn estate plan serves several purposes, but, in CA, yes, particularly to avoid probate.

@Laura Shinkle great advice all around in this response!

Quote from @Robert Quiroz: Hello All,I will have around $1M in capital that I'm looking to generate 8-10% CoC returns for the purpose of replacing active income. 

A neighbor has brought to my attention that a dead tree on my new property is at risk of falling onto their shed and home and that I would be responsible.

And that’s pretty close to the response I have planned for anything that was obvious, in plain sight, or as minor as some of the things you listed.

The strategy that I recommend is going to differ from the responses that I see at the time I'm writing my response.1.

The purpose of my post was to make others aware of the difficulties associated with selling entry level SFH's which tend to be in neighborhoods with limited owner occupant participation and when the owner occupant participation exists the buyer pool are the least qualified of the FHA buyer pool.

@Krystyna Schexnayder Thank you so much for this response. 

But agree for HML majority of the states as long as its commercial purpose no license required..

It includes space to spell out specifically what the tenant is responsible for.