It can also lead to abuse by tenants and neglect of properties by landlords, as there's no incentive to improve housing.If anyone doesn't know yet there's a major push for rent controls in cities across California and even at the state level (AB1506 trying to spread it to SFRs and condominiums). 

So far I've been reading BP, listening to podcasts, reading books, and added real estate as a second major.

In WA we have CBA (Commercial Brokers Association) which produces leases, PSAs etc. and most people use/accept their docs.Check with with the department of licensing for CA or local trade groups. 

Were there any major damages or maintenance issues?

It is extremely risky to not have any insurance in the event of a huge loss such as the house burns to the ground or a major lawsuit involving your property because of an injury.

When providing for rent a sfr (3+br) should I or should I not provide the major kitchen and laundery appliances.

Wow looks like a major project!

The majority are not qualified, but are very excited about wanting to rent a house. 

For a large majority of investors, Real Estate is not a get rich quick scheme.  

There are many cities like this across America, and as @Matt M. mentioned, those economic factors don't turn on a dime barring major political/economic events.