The plan is to provide the tenant with their own stackable laundry in their unit and offer the shed for storage.Is there a legal timeline needed to give such notice or is issuing a new lease best /covers all bases?

They will based on the comps and your ability to repay the loan.

Also the 1% rule is about as good as the rule thumb and not based on current conditions or current data. 

Yearly increases of 5-10% (based on the local market) vs big jumps when you fell way behind, keeps you on pace but helps keep turnover down 

Based on my experience, it is always better to get a permit.

Based on your post you're talking about buying the trailer, not the land.

Some people in your situation do decide to rent by the room but it is location based. 

Start by thoroughly evaluating leads for profitability, calculating ARV (After Repair Value) based on comparable properties sold in the area within the past six months.

There are a number of meetups in Sacramento and we have been coordinating the dates among hosts so that there is no overlap - I run the West Sacramento Meetup that @Ben Howard mentioned (we gather every 4th Tuesday of the month).Here is a list of meetups that we're in collaboration with (they are all based on an abundance mindset that we have here on BP)- 1st Tuesday - REI Connect @ Roseville Meetup (reach out to @Nicole Masters)- 3rd Tuesday - Investor Mixer @ Crawdads on the River- 3rd Thursday - Folsom Out of Bounds (dates may shift a bit)- 3rd or 4th Wednesday - Real Estate Round Table (CH Cafe & Grill) - they recently relaunched and stabilizing the schedule- 4th Tuesday - West Sacramento Real Estate MeetupI'm working on putting together an easy to access list that Sacramento investors can refer to.

We are creating our partnership, getting approved for a mortgage, and then putting in offers on specific properties we like based on the analysis.