Mat Piche on YT says that he always does this, and if I recall correctly that it costs approx. $5K.I do realize these are pretty loaded questions but hopefully some folks out there can give me some good insight nonetheless :)Thanks,Lucas

I'm find working about the edges of the grey areas, but only at the white-ish margins.I'm sure I'm oversimplifying this, but in my conversations with atty @Mat Sorensen of KKOS and the compliance folks at Specialized Trust Company, the results boiled down this - I can do work, but if the level of work requires me to wear a tool belt, I've probably reached the limit.

Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

., laundry mat, self-storage, car wash) investment.

R&M at $250 per month but not any tenant turn costs or capital expenditures. 

Are there any options I mat not be considering?

Mat,The LA County Assessor website withholds information, but it is public.

All the sudden you are strapped with thousands of dollars in repairs on a break even rental. 

Originally posted by @Shawn M.:At

Our rents increased so fast that when tenants moved in they qualified but rent increases quickly put them into a cash strapped situation.The biggest threat to all landlords was that proposed bill that would limit rent increases between tenants.