Quote from @Jed Butikofer: Quote from @Jonathan Greene:If you aren't house hacking, multifamily deals should be profitable (maybe not in CA).When I review markets I have lived in, I see 2 bed duplexes for $500k-$700k while only generating $1,400 each in monthly rent.

There is a kind of "board" which is assorted family members who meet bi-annually to review, vote, decide on any items they need to. 

Even if the HOA currently allows rentals, it’s worth attending HOA meetings or reviewing their amendment history.

Lots of other services are included at no cost (advice, doc review, debt collection letters, etc). 

An attorney can help review contracts, especially if private funds or partnerships are involved.You’ve got this—good luck with your first flip!

I concur with @Patricia SteinerIt's essential to review your lease to check for any clauses related to pest control.

These services help identify any red flags that an individual review might miss.Regularly Update Rental Criteria: As fraud tactics evolve, so too should your rental criteria and screening processes.

Do they also review leases?

In 30+ years we've been sued 1x (legal blackmail over a tenant's drunken trip/fall) which the insurance company settled for $1,500.00).We've been using some privacy tactics to keep our names off the county recorder and the target off our backs.Further, we review our insurance coverage and premium annually, just to keep on top of any changes.As with all insurance, it seems to be a waste of money... until you NEED it!

I've looked into roof stock as a possible option but I've heard nothing but negative reviews about them.