This book is very dense in mathematics and as an engineer you can appreciate the hard numbers without the dressing up to make it "interesting".

Most do not respect terms and will leave when it is necessary or suites their fancy.

"Opportunity is missed by most people because it is dressed in overalls and looks like work" - Thomas Edison

I know recently they repaired and painted all of the exterior on all the units from white to fancy colors (which is what caught my eye about looking into these places).

There's cash flow to be had in Southern California, and there's a reason why Cleveland's cheap.If your goal here is just cash flow and not appreciation potential, why don't you first look at properties a few hours from home that cash flow and then if nothing there suits your fancy look thousands of miles away?

An LLC in California can be quite a burden.1) at $800 per year, it bites away at a good part of your cashflow if you're looking at a single fam or similar; and that $800 fee is assessed yearly2) no bank will lend to an LLC; LLCs need credit, so if you really want this route, you can buy a "shelved LLC" with existing credit history.3) there's a fanciful belief that LLCs protect their owners; they merely protect the assets that belong to the LLC; you're still going to be liable if someone gets hurt on your property, and it's going to come down to how good of a lawyer you have4) if you buy a property and transfer it to your LLC, that can trigger the due-on-sale clause (though I understand this is rare for a bank to call you on it)Now as Lynn M. and Kurt K. have mentioned, there's a great alternative, the umbrella policy.

Don't try to get fancy keep it simple and to the point.Good luck,donrock

Once they hit 21 they want fancy dinners and wine.

This won't be the best dressed, Caddy driving realtor that includes her dog on her business card. 

They asked us to submit it each time we do another round of lending.It is nothing really fancy.