Your thoughts and suggestions are greatly appreciated.Leticia My view is AB1482 requires you to negotiate with tenant any significant change of lease terms (loss of garage definitely a change of lease terms, loss of yard and construction zone may be change of lease terms) and your tenant can likely block your efforts.  

The nice thing about them is there seasoning requirements are low and they hold all there own mortgages.

Common hidden costs include not accounting for increases in property taxes and insurance over time, underestimating repair and turnover expenses, and the cost of property management.

I'm guessing the management company would collect all rents, pay expenses etc and the individual LLC would just own the real estate.

Verify your local landlord-tenant laws for specific requirements, as some areas might have different rules regarding notice periods.

How long will it require to implement your business plan and rent / stabilize the property? 

Please let me know if you want to meetup for Coffee and I can give you some pointers for off market properties in Santa Monica or the surrounding areas based on your requirements. 

The listing agent is going to require that you prove that you can buy the house. 

In most cases it requires you to have over 125% above the sale price not just the sale price.

Yes, we have a few different accounts 1. operating expenses for the business 2. one account where all rents and cash reserves for maintenance are held 3. security deposits 4. company taxes 5. company savings 6. company salaries, etc..