Make sure to mention that this violates the quiet hours policy and could impact their lease status.

And don’t forget about short-term rental insurance—it’s a must for direct bookings since you won’t have the platform’s protections.Lastly, make sure your house rules are super clear and easy to find.

The landlord should be named on the tenant's insurance policy for additional protection and to assist with tracking compliance.

Property taxes and insurance costs are best obtained through local county websites or reaching out to insurers directly for quotes specific to the area.Tools like BP Pro and Reventure can be helpful for an overview, but it’s a good idea to validate their data against primary sources to ensure accuracy.

In addition, you would need enough working capital to pay for insurance (which will be going up a LOT in Los Angeles) and to pay for property taxes.Don't buy this unless you have substantial resources and a cash cushion to keep yourself safe.

Also, be sure to notify your insurance company that while you are still living on the property, you also have tenants. 

(NY counties are generally quite expensive)Do you have home owners insurance to cover fire or other damage?

Let's assume your expenses (mortgage, taxes, insurance, maintenance, vacancy, etc.) comes to a clean $600 and the property rents for $1,000.

.: Quote from @Andrew Steffens: Curious what is the purchase price and taxes/insurance/HOA?

Big cities tend to have more regulations, more crime, more leftist-leaning policies that hurt investors and private property rights, etc.