I want to learn from experienced landlords here, how much deductible should we choose? 

Hopefully you land another 5 year tenant this go around!

Landlord-tenant regulations are a bit complex in California and getting hands on is the best way to learn before expanding into larger investments. 

Off-market deals are key if you go this route, so networking is huge.Out-of-state investing is another option people love, especially in markets like PA (Philly, Scranton) or even down south where prices are lower, and the landlord-tenant laws are more forgiving.

@James Wise MICHIGAN UPDATE: new law went into effect January 2, that landlords can no longer discriminate on tenant income source.

Cost approach A straightforward method that adds the cost of the land to the cost of building construction.

Where did you take into account the landlord paid utilities?

    I urgently need a landlord-friendly lawyer in Fulton County.

To get started, consider focusing on house hacking in California with properties like duplexes or single-family homes with ADUs, or explore out-of-state rentals in landlord-friendly markets like Ohio or Georgia.

The House is not under an llc. Just want to start setting up as if it were. so far i have thought about creating 7 accounts.1) all rental income account 2) account where common utilities and mortgage will be billed3)m...