I was able to get the seller agent to give a 30 day grace period where I can get my 1k deposit back for any reason.

I heard that the waiting time for a court trial is 5-6 months and another 2 months for having the sheriff to remove the tenant (only one police office in the whole city of San Diego to execute the writ of possession now).

And for a period of time, they were right:  The financial crisis and Great Recession followed, and the market value of that property dropped almost in half on 5 years. 

-As @Travis Timmons mentioned, every property is going to have a stabilization period. 

The proposal could reduce stress for landlords, ensure smoother transitions, and improve communication with tenants.Additionally, the proposal includes a 5-day grace period before late fees can be imposed.

You could read 100 books and still need to learn more because certain things must be learned through trial and error.

I have the bright investor free trial.

You could also offer to let them pay rent on the 1st and 15th, but stress that it MUST be paid on the 1st and 15th of each month-no grace period. 

I would like to consider acquiring a property at a tax sale, and do not mind waiting out the 6-month redemption period, assuming the chances are high that I will indeed end up with the actual property at the end of the 6-months, if that makes sense?

This gives me piece of mind knowing I'm not liable during the rental period.