Quote from @Christopher Davis: It's important to understand the court will not award you compensation for your personal time.

Personally I’m having a hard time coming up with Cons, and that the Pros greatly outweigh them.

Also, I would personally get rid of the dishwasher as well, 1 less liability to worry about.

I personally hear from tons of people who think the market will come down, due to the struggling middle class and the fact that it will get worse.

Some you will like and some are very 'pitchy' selling all kinds of classes and junk.Meeting people in person and getting to know them and what they do will help increase your knowledge that much more.

Or does it have to be an investment product like DSCR, etc.Thanks!

I'm not.The way around it is a single-person LLC owned by only one person and not their spouse.

Best wishes Thanks Dan,Living of refi's is risky business IMO and something I would personally never do.I also know of many investors in "your market" getting over leveraged and hoping for appreciation, only to loose everything.And others that own and manage in Detroit for example that make a fortune.Yep, they bang on doors in the heart of D class area's and collect rents in cash.No appreciation, no rent increases and a strict cashflow play.Seems to work well for them.Each to their own I guess.Much success >Living of refi's is risky business IMO and something I would personally never do.I consider it low risk because 1) most cash out refi are limited to 70% LTV. 2) most loans are non-recourse.  

In CA, generally, if a tenants dog gets out and attacks a person or pet by way of landlord negligence, like through a broken window or faulty door, then you the landlord could be held liable.

However, minor cosmetic repairs or repairs to personal property cannot be deducted such as paint, replacing broken hardware, fixing leaks or holes, etc.(2) If you have other types of investments (e.g., stocks or mutual funds) that are operating at a loss, if you liquidate those investments to take a loss, you can use those losses to offset your capital gains.