But to answer your question, the Property Management Agreement from the Pennsylvania Association of Realtor has a similar language.

I think the cost/fees associated with becoming a real estate agent will be worth it for access to MLS and just to have a better idea of the local market.

Undertaking all of the costs associated with the investing side, rent, PM, etc.

Two of the companies Rogero and Cole are Affiliate members of NARPM, National Association of Residental Property Managers. 

Funny enough I found a similar association but called ARLA ( Alberta Residential Landlord Association) with a membership which seems pretty fair considering it offers discounts and resources (e.g. forms, education).

I go to SWIG in Greensburg, PA and Landlord Association in Irwin, PA.

IF you have the funds to purchase a place in LA, then you can begin looking at options around you, You also have to recognize that if you purchase a place and inherit the tenants, all the downsides that come with rent control, the eviction process and of course the time and stress that can be associated with it.

Your variable costs are associated with the repairs and that depends on the project.

I'm in Bloomington/Normal, IL and am helping to start a landlord association here.

We have Associates that are doing deals right now in CA.