Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.

He is great with investors and can find deals that cash flow much easier, including some off market stuff.

I own 32 properties myself and have bought and sold over 300, including a few apartment complexes.

That should really be the deciding factor...is it necessary and a large enough project to include the permit process?

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

I'm not sure why "within the unit" is not being interpreted to include the balcony.

With rainy day funds included there are reports that CA had over $20B surplus. 

I had specifically asked for numbers including mortgage payments and they emailed to me.