They had nice high ceilings, but tiny closets for the most part, no dishwashers, no balconies, not enough parking, etc.  

A tiny house would be the equivalent of a mobile home. 

Otherwise, I don't think it's necessary.The building I rented had ancient old tiny gas stoves/ovens, and cheap white refrigerators. 

@Kevin Polite when I first moved into the building I ended up managing (moved in first as a tenant), I was so sad the tiny studio didn't have a tub - but I loved the price and the location.Fast forward, 2 years later, I was the resident manager. 

But if your pool of buyers is mostly those with tiny down payments and only qualify for FHA financing be careful. 

And by that, I'd say we ran about $75 under market, but our apts were tiny and bare bones. 

If you know the law, nobody can bluff you and you can be confident in your negotiations.I think you should consider that CA is a huge state, and LA and SF are but a tiny part of the state. 

But, it is not against the law to only advertise at a grad school.Anyway,  even if you have a huge house you want to rent out, with a bunch of different roommates, (mine were tiny studios), if you can rent to a house full of law students, and I've heard the same is true for med students, you will have minimum problems.Good luck!

It's a tiny area (about 15' x 15') so finding a landscaper willing to do the work is difficult.Ideally I would like the tenants to all be able to share the area and somehow share the maintenance of the lawn.  

Some landlords will bulk at replacing a window pane just because of a tiny crack in the corner or repainting a peeling window sill.