Based on the information you provided, I'm operating under the assumption that you have a single-member LLC whose activity is reported on Schedule C of your personal income tax return.I hope that helps and best of luck with your rental property!

My impression is that there are areas that cash flow really well, but have little to no prospect of appreciation (population is declining, no job growth, high crime rate, etc).

In our opinion, the only feasible way to do this job would be if the house were vacated and a major renovation were to occur at which time we could run new gas or electric line, trench the slab and run new drains for T&P and pan drains.This tenant will need to move due to it being unsafe.

If I have to work hard then I am not doing my job :) People are struggling because they do not listen, EVERYONE is an expert.

I'm looking for some guidance on how to go about doing this since my contractor quoted that the job would take 1-2 weeks and during that time there would be no access to the unit because there isn't enough room to put a temporary stairway in while they are building.

You could do some renovations with them there, but you will be turning their home into a job site.

Don't miss out—schedule a showing today!

My husband's job requires us to stay near San Francisco, so we rented a place way above our means last year at $5k per month and looking to move out asap.I'm now looking at house hacking in Oakland where prices start around $550k.

I'm looking for my 2nd investment property and was waiting to reach a 2-year mark of my W-2 job to apply for an FHA loan or HELOC.  

(WH-1000XMS $300-400, WH-1000XM4 $250 on Amazon) They are lightweight, and do a great job at blocking out the noise around you.