So you do all the work and because of this additional language, if added, you get no commission?

I've heard recently that the State of California passed a "ADU" law (Additional Dwelling Unit) which allows for a conversion of a garage to another livable structure.

[I also had to limit how many 10's she could have because if not everything will be a 10 for my wife ;) ].Hope that helps, and hopefully others can chime in and bring some additional perspectives! 

Most owners/managers charge an additional $75-$150/unit/month for utilities into the rent.

That said, simple rehab projects if done full time and correctly should expect to have about a week per $10,000 of budget plus an additional week or 2 for clean up, market ready items, misc.

Hope that helps.Couple other things you'll want to think about too if you haven't already-- owning real property in another state will very likely subject you to income tax in that state such that you will also need to file a Kansas income tax return each year in addition to California.

However, in CA with the annual franchise tax of $800, additional LLCs are relatively expensive.

My other option would be to buy a 2 or 3 bedroom single family and rent the additional bedrooms.

If you "jack" the rent up (even if you find a tenant willing to pay it), typically the appraiser will not give credit for additional value above and beyond what market rents would determine.

Sure people get notices but they get calls, door knockers and agents in addition to direct mail by the truck loads especially if there is equity.