There's nothing specifically wrong with your proposal, but I'd just do a rate and term conventional refi and forget the LLC.

While there’s no specific number of bookings required, having at least 1-2 bookings should help.

I have skimmed over the management agreement and it doesn't really say anything specific in regards to who is financially responsible in the case of a squatter breaking in.

Either bank statements showing deposits or Friend of Court printout. 3) Since actual payments may vary, they need to averaged over the 3-6 months verified.Legally, you cannot ask an applicant specifically about child support income, they can only volunteer it.

Determine a fair amount of money to offer the tenant in exchange for vacating the property by a specific date.

It makes more sense to seek out an honest and experienced real estate broker in the surrounding area, rather than directly in that specific location.

My initial thought is to write it as an addendum with specifics of how many weeks a year, max duration, rent will be prorated that month, dates must be agreed upon with tenant at least 3 months in advance, etc Thoughts?

Anyone know of an attorney that specializes in tax foreclosures in CA, specifically?

@Atchut Neelam It's a rather large country, without knowing where you are looking to purchase property, it would be difficult for anyone to recommend a specific appraiser.  

I have been doing my own taxes and have a large amount of Passive Activity Losses from my rentals, don't want to mention the specific number but it's a lot in the thousands.