If you are buying in a LLC there is typically a loan agreement and personal guarantee that is common

Its crucial that you know what the properties common rent is per month. 

Most of my clients:1) Put 20% down for a conventional investment loan.2) Put 10% down for a second home loan3) Something else, either hard money, DSCR, or portfolio loans.These are the most common ways. 

This is a common problem for other places besides California.Most of my clients are out-of-state investors-California being one of the most common places for investors I work with.I would say, in general, it is very similar to in-state investing in that your investment is as good as the team you use.

For example the license should not only have a cost but also require at least some compliance training targeting some of the most common issues/complaints.

So the major issues in a house are a foundation issue or a structural issue, the next tier down would be a mechanical issue like Electrical, Plumbing, HVAC, then roof - which isn;t an issue a new roof is very common in a fix n flip, and then the outside facade: Brick repair, driveway repair, brick pointing. 

.- Build Relationships with Vendors: Getting quotes from local contractors or vendors for common maintenance or repair tasks can give you a clearer picture of recurring costs.

Short 1.5 minute video walk through of all of the rooms, bathrooms, common areas, etc. 

Myles, in San Bernardino, didn't see my actions as "chest pumping", he saw logic and common sense, and he joined.Now, while you are gossiping and spreading negative opinions on a thread that has nothing at all to do with you, as you are not in my program and the OP asked for opinions of said program, of which you have none, as you are not in the program Myles is making big money.Miles is now a millionaire less than 6 months into the program.The product is not for everyone.

While it's something I think is not taken seriously enough by society and the law, it's just far to common amongst all classes of people.