I have been living and renting in many different areas of Miami for the past 7 years and officially committing to purchasing a property somewhere in the area.

I lived over in Thailand for a bit.

I've had many clients build commercial properties and make a good living off the revenue.

Usually your first investment starting out should someone hinge around your living costs, thus your rent becomes part of the cashflow for the investment. 

They know you likely wouldn’t file a CA tax return - since you live out of state - so they found a way to make sure you do.Since you are losing money, most likely you can deduct losses against income and get the withholding back when you file a CA tax return in April.Confirm this with your tax person.

IGMS has live chat which is helpful. 

You can put a ring doorbell on your unit (ie where you live) and monitor it.If you are renting the other unit by the room, include utilities in the price of the rent because there is no way you are going to get one of the tenants to be in charge of it when renting by the room. 

I was happy to gain access to my funds, but it did not make up for my wasted time (about 3 wks) and their unacceptable treatment initially.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

Be sure you are prepared for it by having adequate reserves.Part of me says that house-hacking when you don’t need to (because you could live with your parents longer)  seems a little weird… but if you are doing that to get the 3.5% down I guess I get it.