Yes, there will be more expenses above what's mentioned here but if this is done properly it can be kept to a minimum.

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent. 

The more you can make your screening objective than subjective the easier and more successful everything will be. long story short, I called her previous landlord to check her rental history and I was told that this applicant steal a package that wasn't hers and she denied it  even they had proof of her stealing it on the security camera other than that she paid on time every month

However, you can claim a tax credit on your California return for taxes paid to Oregon, mitigating double taxation.If you only plan to own this one property, consider using umbrella insurance as an alternative to an LLC.

It’s a really nice house but it’s too expensive for the average tenant.

Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...

1) Holding Costs add up quickly
- Loan I...

I’m especially interested in learning from those with experience in more expensive housing markets and from people who used really estate as a way to invest for their kids' colleges.

Thankfully, I had good tenants, and they always paid on time.

Expect them to be expensive, also.  

Agent gets paid from the net proceeds unless the seller is unwilling to pay the buyer agent fee/commission, which in this case you do not have an agent; that agent would ask (if they were representing you) for the buyer/you to pay them their commission from a buyer broker agreement (if the seller was not paying commission).So it's the same difference, the seller will pay it (2%), and the agent will not come out of pocket for it.