Comes with a known rate, a known term, a known payment. 

A tip is voluntary, so your tenant could agree up front, then refuse to pay.

Quote from @Clint Miller: Seller financing opens up great opportunities for real estate investors, but coming up with the down payment can still be tricky. 

Find comparable rentals on various websites.

CA is brutal when it comes to taxes.I don't give tax or legal advice, but many people believe that holding the property in your name and having a good umbrella policy is a good solution.

Thank you all in advance for your feedback, wisdom, and tips. 

That would be the best move for you to find good contractors and reliable ones for your projects.

This is where expert mortgage brokers come in, acting as your guide through the maze of real estate financing.

I anticipate serious cap ex expenditures coming his way. 

We've found it's more capable than others when it comes to integrations, reporting capabilities, and efficiencies.The software you've mentioned will be better for the PM activities (property-specific transactions) than keeping up with your financials as a whole.