For example, if the A/C goes out your landlord is going to consider that a non emergency repair.

This contrasts with the 2 Indy properties (Class C older renovated homes) I closed on in 2023 at higher interest rates. 

Quote from @David C.: You will have to get permits and disclose your contractor ...AB 968 requires the seller of a singlefamily residential property to disclose work done on the property, if the seller obtained title of the property within the previous 18 months.

A/C vendors make a lot of money on spread, so keep asking. 

I also read that it will be eliminated starting 1/1/2025.c) Can anyone be a "statutory agent"?

If this is a class C neighborhood, then this seems somewhat normal.What is the condition of the property?

@Mike Liu there's always a tradeoff between risk & reward.If you want higher cashflow, you'll need to get into riskier investments.STRs are riskier than LTR due to: saturation, changing local government regulations, more intense time required, etc..Regarding LTR higher cashflow:If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

As far as repairs and maintenance if your looking for small rehab deals that price range your looking at will be very slim and if you find something in that price would most likely be in your C or D areas, with that being said back to first question are you willing to manage them or not?

@Anthony C Palacino I joined Land Academy in late 2018, so far I really like it.

Quote from @Mike C.: Not sure if this is more of a CPA question or not, but figured I would post anyway.