I'd would guess (not familiar with FL at all) that cash flow wouldn't be possible but that appreciation would.

I'm tending to look into small flats, but not sure what would be the best: rent it furnished or unfurnished.

If you approach her with one option, she may reject it flat out because it doesn't meet her need.

(of Casale Law Offices, P.C. in Wakefield, MA).I am working with him, and he works on a flat-fee basis per closing, fee paid at closing.

Just so I understand correctly, the laundry service contract states that you cannot combine units, or is it another agreement altogether? 

He eventually catches up, but given the current pattern and some other issues (non-COVID), I expect him to continue to be late or even miss rent altogether. 

Maybe even a much lower flat fee. 

It's a flat rate billed every quarter with as much water usage as you want.

You could just leave the income and expense off your taxes altogether or claim both.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.