I'm trying to figure out if this is a rabbit hole I should follow, or if I should scrap the idea altogether.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

Many policies are starting to limit or exclude water damage altogether, which is amazing to me since it's the most common type of home insurance claim. 

i am considering making an investment on a property on the other side of the state or in another state altogether.

In Texas you can change the terms of a month-to-month tenancy or terminate it altogether with appropriate notice.

But there are tons and tons and tons of details, and screwing up 1 or 2 of them can costs someone tens of thousands of dollars.But it is important also to note, 87% of people who try their hand at being a real estate agent fail out of the industry altogether.

I know here they are trying to eliminate pet related fees altogether so it's just a matter of time before landlords have no say in this issue. 

Commercial financing is a different animal altogether, and may require higher down payments, higher interest rates, shorter amortization periods, and more interest rate risk. 

I think I've decided to abandon that whole thing altogether, including the realtor whom I've yet to meet.

A follow up question for @Bill Exeter In your opinion, do I try to sell now or wait until August 2015 when we hit the 2 year mark and avoid CG altogether?