The law increases PM business insurance costs, requires recurring license renewal and educational costs, imposes new background check and testing fees and for those who want to avoid State educational requirements and testing they will incur CAI membership, educational, testing and seminar costs.

Before I had just considered them the source of an arbitrary monthly recurring fee.

Then eviction issues for non-payment becomes a recurring theme.  

I consider myself a new investor with a little past experience.. as I have owned a couple of rental properties, but had recurring tenant issues  & let them go several years ago. 

Of course your tenant has to confirm the recurring payment request in order for it to be set up.

You can set it up to do recurring each month.

In California, landlords may charge any or all of the following:Pet security deposit (although this is essentially the same as a regular security deposit)Pet fee (one-time charge)Pet rent (recurring charge in addition to regular rent)In a typical situation, landlords will increase the security deposit and add pet rent.

In addition, the Commissioner or his representative may seek to enjoin any recurring violator of this section.

Flipping can be much easier to manage and doesn't have the recurring costs, such as repairs and management, that owning a rental unit can have, which can be costly with limited available funds. 

This thread summarizes Famous Four answers from the podcast for the purpose of highlighting recurring answers to help you:a) Select and prioritize impactful real estate and business books to readb) Glean inspiration from the advice of the experts on the podcast (question #4)To recap, these are the 4 questions the hosts ask guests each week:1) What is your favorite real estate-related book?