Quote from @Adam Hoeker: Software is a common question on BiggerPockets.

Understanding the market helps to create common ground for us to meet.

So don’t think this is some common way to make five figures with little to no money.

Typically, only a 30-day notice to vacate is required to get a tenant to vacate and the eviction process itself is also relatively straightforward.I hope I was able to help with narrowing down your search.

I noticed other companies charge the owner a fee like a $100 admin fee or something if we take over a property with a tenant the owner put in place and then have to evict them after a month to two later.

ALWAYS consider common sense repairs before making a choice to demo and replace anything.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

@Grant Bartel Replacing a bathroom vanity is a common upgrade or replacement project.

I noticed you are a lender who operates in my state as well, if you have some time available I think I would greatly benefit from learning what I can be doing to increase my chances of securing a loan and what lenders look for in potential clients. 

The 20% down with a conventional loan also gave you a great start with lower monthly payments, which helps when maximizing rental cash flow.Regarding the lesson you learned about letting the seller take advantage of small asks, it's a common challenge for newer investors.