Now, we haven't signed any official paperwork nor finished the walk-through yet,  I still keep his deposit, he move his stuffs out already, but he doesn't let me charge this month rent to this deposit. 

It depends on the density target and other factors that the zoning officials evaluate.

I would send them the official letter but also have a phone conversation.But seriously,  raise the rents before you renovate.

I’ve officially closed my first deal today and now I’m sitting here with a check for $14,500 and I’m honestly lost on What should I do next??

There is a mini trade show in the lobby that let's you meet service providers.I think AZREIA is a great place to start.

Where do I find the official list of California Landlord Tenant Laws? 

Stock market can lag when official recession begins (i.e. recession began in 2007 but stock market didn't crash until the following fall).

BY THE POWER VESTED TO THE GOVERNMENT BY THE GOVERNMENT...I, the government, enact eminent domain.Los Angeles city officials are considering a plan to force landlordsto sell their buildings in an effort to keep rents low in key neighborhoods.Councilman Gil Cedillo last week said he was asking the Board of Public Works to consider using its eminent domain power to take over a 124-unit Chinatown apartment building from a landlord who wants to convert the building into market-rate."

It is near a university center and so is focused toward students with lots of study books and what not in the lobby.

I officially start my new job 3 weeks from tomorrow.