Accept whoever applies" is an idea that would cost you a bucket of money in the long run.Bankruptcy is usually a "no" unless it appears to be a one-time event caused by something out of their control such as a massive medical bill or a business failure. 

Quote from @Wilson Pereira De Oliveira: I didn't know about this rent control limits in Berkeley.

Id like to add we spend extra hours after work on wholesaling, and i do cold calling. 

I'd hate for you to spend thousands on a simple paperwork drill but I also dont want to you to get in over your head.Good luck 

Allow a pets and I think you will have a great spot.Would adding that extra space/ spending that money be reflected in an appropriate increase in the property value too?

Giving someone control over who gets into my property while maintaining responsibility of kicking people out seems a bit risky.

These are all outside of your control.

It is much more efficient to spend some time up front to really understand the market.

I think he ended up spending 30-40k for the fire suppression system, windows, and whatever else the city required... and I'm not even sure this is possible anymore, since I think Union City's program is not going on anymore, and, in general, they require showing off-street parking.I'm uncertain if the economics will make sense for you, although I'm not sure what JC may require or how your basement looks now.

There are hookups, and I have the units to place there, so won't be spending any additional money.