Usually RA operators are paying long term rental rates to the owner and then subletting as a STR or MTR.

We usually book the slower months couple of months in advance.

In California, forming an LLC usually costs a few hundred bucks, plus there's an annual fee, which varies but hopefully won't be more than $200.

Usually they want to see some experience though if they go down that route. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

They take these complaints seriously usually and will be able to more than likely take this contractors license away so they don't do this to future investors!

The WPC and similar products usually mention nor more than 3 days tops.

As for newsletters, maybe hit up local real estate agencies or community centers; they usually keep you in the loop.

Negative $200/month- property 2: p&i ~$1500, expense $1250.

That box usually has a different meaning as you suspect.I'd call the city and get a Permit History...see what was done during the remodel.