This is where your team comes in real handy. 

Through depreciation, particularly accelerated depreciation and bonus depreciation, you can typically offset all rental income such that there is no taxable income from your rental . 

I own zero rentals in Cali and never will.

You really want to have your contract approved by an attorney even though California doesn't use attorneys for transactions.

How was your experience so far in terms of cash flow, appreciation, and tenant experience?

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Typically I am seeing investors put down 30-40% to break even or cash flow a bit, so that is about the same as your 80% coverage ratio. 

Quote from @Rachael Shad: Look up "the1brokerage" owned by David Greene.  

Replaced the carpet with hardwood floors & new trim, painted all the walls, and completely renovated the bathroom What was the outcome?

I recently learned that income earned through Airbnb often doesn’t qualify as eligible income when applying for a second mortgage.For those of you who’ve used Airbnb as part of your house hacking approach, how did you navigate this issue?