I do intend on holding them for a long time, but again this limits my flexibility in the short-to-medium term.Does anyone have any thoughts/suggestions for me?

Most locations have a limit for small claims court.

I try to set the expectation for net 30 payments to my contractors with limited exceptions.

It just seemed limited supply and expensive for whats left over.

Exculpation/Limitation on Damages Clause.

With limited rent growth:$5,000/$300 ≈ 17 properties.What if you buy in a city with 8%/yr rent growth?

Low property taxes, landlord friendly, weather is reasonable, close to Lake Tahoe and lots of enjoyable areas in CA, strong appreciation, strong rents, population growth, diversified job growth, limited land allows for significant appreciation outlook over time. 

I was wondering if there are any limitations to getting a 2nd FHA loan as far as what value the 2nd house is compared to the first one.

If there is limited parking, make it clear how many spaces each unit has, and where they are able to park. 

I thought by dividing the property and putting ownership in separate LLCs it would limit my exposures and liability.