And if anyone knows, how much does a property manager typically cost? A

Electrical would be the largest cost as it requires multiple panel installs.

This means some of the housing previously exempt under Costa Hawkins will now be subject to the State’s rent control provisions.Owner-Occupied housing accommodations in which the tenant shares a bathroom or kitchen facilities with the owner who maintains principal residence with the residential real property;Owner-occupied duplex in which one of the units is the owner’s primary residence at the beginning of the tenancy and the owner continues in occupancy;Single-family homes and condominiums if the owner is not a real estate investment trust, a corporation, or a limited liability company in which at least one member is a corporation.

I would recommend to include something for future maintenance and repairs into the cost as well.

Long Term Rentals - Nay.They cost a lot more.They usually need batteries.Any problem with this and you will get a call.

They have a pretty fast rental turnaround and an in-house handyman that gives the best prices for repairs that I have found, his bids are much lower than any one else's that is probably the biggest cost as an owner is not the monthly fee as you do get what you pay for.

@Carolina MejiaWebsites frequently have inaccurate images of boundary lines, so ask the seller if they have a copy of a survey.Surveys can cost a pretty penny but if you want accurate information, one may be required.

I work for a Hard Money Lender, so it's been my experience that you must make sure to go with a lender that doe snot do LTC (Loan-to-Cost) as this will not allow for you to not borrow on the ARV.

And I mean more than usual even because right now it's going to cost a lot more to get stuck with the wrong tenant than it usually does.

@Jim Costa Thank you for your reply.