We will shell out the money for an elevation report during our due diligence, and will get flood insurance (we will back out if the flood insurance is simply too high to sustain).But my question and thoughts are two fold, and I'm looking for thoughts on both...First, as a landlord, what additional information do we need to do to rent the property?  

--> Essentially look at pure cash flow and see if you are positive.Depreciation --> Maybe from accounting perspective, but wouldn't it fold back when you sell the property? 

Here are pics of the property... https://drive.google.com/folde...Why is the tax so big and operational expenses are 59%?

My concerns are two fold.1-inaccurate assessment of cost of improvements therefore going over budget.2- getting taken by contractor or GC with change orders etc.If I were able to overcome these two limiting beliefs/fears I just might be dangerous;)Thanks in advance for your comments.Ashley

We do have those on all the best except the bunkbeds.It folds up and goes into a bag.

I’m presuming Mary is interested in investing somewhere in or near Walnut Creek since she wants to be close to work  Walnut Creek is ten fold more landlord friendly than cities like Berkeley, Oak, SF, etc.

The guy who leases from us for airbnb pays 2x months as a deposit (since we have additional risk if he folds, as we'll have a bunch of units dumped on us at once), and he has to furnish out the units. 

SEO can be a hefty upfront cost for someone like me who is starting out, but the leads that are generated from the marketing will pay for the cost of the marketing ten fold.

This is like the Kenny Rodgers song "You gotta to know when hold them, know when to fold them, know when to walk away and know when to run." 

Austin and East Garfield Park "appreciated" crazy fast in 2004-2007 and then their value folded three times as fast as surrounding areas during the crash.