Setting rent significantly above FMV could be seen as an attempt to shift income or inflate deductions, leading to potential penalties.

To estimate expenses, consider setting aside a percentage for management fees, plus costs for cleaning and utilities.

A follow up, can you link multiple locks together in the Schlage Home app so that if I want to use the same code for say 3 out of 5 locks in the unit, I can do that by setting one "group code" or would I have to enter the same code for all 3 locks independently in the app?  

The right agent will have worked with Canadians before, will have lenders set up that can work with Canadians and will have a seamless process for management.Not only can an agent set you up with a GC, property manager, lawyer, insurance broker, inspector and everything else you need, they can analyze deals and put numbers in front of you.Your job as an investor is to vet the vendors they are providing and double check their analysis.  

MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.

You can have an email for each account and you should be able to set your phone up see multiple accounts at once should you get inquiries or messages.Just log into each account to make updates and price changes.

It wouldn't hurt to set up time to meet with agents, property managers, lenders, and others while you’re visiting your markets of interst.

You should have money set aside for litigation.

We are in 11 markets, including Huntsville and would be happy to set up a call to talk over some options. 

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.