I really do not want to sell the Condo because I do have a 3.5% Interest rate w/ a positive cash flow of about $450/month, even after the $330 HOA fees. 

Heck- this legislative session, the state just passed a law stating that no city can pass any laws regarding rent controls or limiting the fees that a landlord can charge.

You'll pay a lot in fees! 

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

Originally posted by @Nina Hayden:Are you licensed or not? 

So for a property around 200k 20% down, right off the bat, there is a 5k+ loan discount fee, plus all other fees, that pushes the closing close to almost 10k.

As a landlord, do I charge ACH return fee and late fee or just ACH return fee?

The 1099 is issued to you and the IRS to make sure that you are reporting rental income on your tax return.I would use the annual property management statement to report the income and expenses per property.The property management statement will likely include property management fees charged to you and repairs made on your behalf.

Last thing I would suggest is if you decide to go solar I recommend paying cash to save money on all the loan fees.

You can structure it without a PPP or a reduced PPP but it will result in a higher rate or higher fees.