I'm still only on the free version and it took me about two hours to fully adjust to the system instead of Excel. 

DO NOT have a combined version or you may regret it.If all else fails and you cannot find these at a document shop near you then search for a "real estate laywer" and they SHOULD be able to create these at an insane price.

This post will be difficult for me to write out because I'll have some PTSD of some of the 10+ page papers I had to write but I'm passionate about wholesaling and will put my thoughts to paper.Here is the shortened version of the entire wholesaling process promised.

there are RICH and then there are RICH... big difference one may be RICH but have TONS of debt.. another maybe RICH and have very little debt.most of the wealthiest folks I personally know have VERY LITTLE debt and own everything out right from10 million dollar apartment complex's to big estates  and other investments.. but both are rich.. as we get older most of us want to more to the paid off version of rich with not a lot of debt.. you still have the asset your cash flow is that much higher though

Longer version is that it was me and my husband who bought it in '05. 

That being said, I feel Bakersfield would be a great place for you to invest, and if you have some free time please feel free to look through my previous posts to give you my version of what I think will happen in Bakersfield in the future.

One just need read the law for a very easy understandingThe preceding sentence shall not apply to any foreign taxes described in subsection (a)(3) or to any taxes described in paragraph (1) and (2) of subsection (a) which are paid or accrued in carrying on a trade or business or an activity described in section 212.And then the reference from the above law to IRS Code 212(1) It has been paid or incurred by the taxpayer during the taxable year (i) for the production or collection of income which, if and when realized, will be required to be included in income for Federal income tax purposes, or (ii) for the management, conservation, or maintenance of property held for the production of such income, or (iii) in connection with the determination, collection, or refund of any tax; and(2) It is an ordinary and necessary expense for any of the purposes stated in subparagraph (1) of this paragraph.And for even simplified version, just look at the IRS guidance on the subject...What Deductions Can I Take as an Owner of Rental Property?

I would consider Airbnb for it, because while tenants have a short term view, airbnb clients have an extreme version of that, and considering the location, it makes a lot of sense.All that said; your point is well taken, I wouldn't have thought of looking into those factors.

It is being fully understood that except as specifically set forth herein, Grantor has made no warranties, express or implied pertaining to said property, the condition thereof including but not limited to, matters relating to environmental conditions or hazards on the property"Then later on its says " We are the sole owners of the premises and have good right and title to convey the same in manner aforesaid, and that they are free from every encumbrance, except as aforesaid and WE hereby Warrant and Defend the same against all lawful claims....."

I use a 2005 version of Quicken Rental Property Manager which I really like.