I work with dozens of investors who have done 1031's into the souther/middle part of the country where the price points are much easier and the laws are more friendly.

With going rate right now, as I am friends with other owners on my street and have their opinions, I could easily get $1800-$2k/month.

California requires an $800 for LLC's that are doing business in California.California law suggests that managing members of an LLC that are a resident of California are considered to be doing business in California.Normally people will suggest opening up the LLC in the state where you are doing business(Normally the state where the property is located at).Others will suggest opening the LLC in a different state such as Wyoming, Nevada or Delaware for charging order protection, business friendly case law, anonymity, etc

The way you are breaking it down is very spreadsheet-friendly in terms of what would work in a best-case scenario, but landlording for five room hackers is not easy and the rent is not easy to collect in all cases.

One land lord friendly ( jackson MS) one Not landlord friendly Portland OR metro with its rent control and other very tough rules.

I'm particularly passionate about Fix and flips and Airbnb.Outside of real estate, I enjoy spending the valuable moments with family, friends and building fresh water fish tank aquariums as a hobby.Excited to learn and connect with you all!

There are other avenues to review but I agree past rental history is important (disclosure I have 15+ doors right now)If you feel bad for them then rent to them.My point is its corporate america and you are blaming the wrong person - you are blaming the corporation but you should be blaming the politicians who create an environment that is tenant friendly and sue happy. 

Upon further research it does appear the user @Bob Stevens is breaking the rules by using a different name, given that the email address listed with BiggerPockets profile is actually linked to the name Robert Prisco - we have strict rules about using your actual name in section II subsection A of our rules that can be found here https://www.biggerpockets.com/rulesBob do you have any response to this post that you would like to share publicly?

Your spouse, partner, friends, or family are not on board with real estate investing.

If their credit sucks, they won't care, and you won't get that money.Share your rental advertisement and ask BP users to review it and give advice based on your market and your marketing.