If this property has no well defined target audience, it will be very difficult to design your leases to match the audience.

Quote from @Ryan Raven: You can usually be a property manager without a license as long as you are a direct employee of the owner.

I bought the property late 2022 and i have hired a property management company for it.

Thanks Andrew definitely a few things to consider except that I cant move in with any family members as my wife would kill me hahaha  Yeah, thus the "if you are single" qualifier.

I can see an explicit exception in CA Tax Code § 17561 that says you can not use the qualifications in Section 469(c)(7) (Real estate professional) to render that income as non-passive, but I see no callout for 1.469-1T and, as such - as a non-CPA - I do not (yet) see a reason why we cannot follow the same rules for CA that we do for our federal taxes; e.g., if the business is not a "rental" business per tax code, we count that income as non-passive and offset other income (W2, etc) similarly.Does anybody else have some guidance (or opinions) on this matter?

When you start making exceptions you are no longer following your process. stick to the script.All the best!

I think it is very important to get the actual rental history of the prospective tenant before renting out the property. 

The only exception is IRS lien.

Debt is the worst in the world, except for all of the others. 

Really simple process to get a term sheet and no upfront fees except appraisal cost that is paid DIRECTLY to the appraisal company.