One of the ways is to get a deposit with the lease agreement, and a document signed that says if the tenant doesn't perform, that deposit is your liquidated damages.

Caasi Don't listen to someone who doesn't know anything about CA.

Your Offer needs to take full account of all the things that can go wrong with it (and your finances) in future, because even though you hope they won't, and it doesn't look like they will, they might! 

I'm am really anxious to get this first deal but I feel the sources that I have been using doesn't quite seem to give me the deals I'm looking for.

Surprisingly the "Files" section doesn't seem to have any.

It doesn't make any difference how many books you read or podcasts you listen to, you'll still make mistakes... but it's better to make mistakes on a smaller project that you can learn from and then use those mistakes to be more successful on your next larger deal vs starting out with an apartment building where the mistakes could potentially bankrupt you. 

Hi @Tareq Salaita -I work with a lender that doesn't require W2s or tax returns just credit above 650.  

It's been gutted and rehabbed but doesn't have air conditioning (or a swamp cooler).

If I'm passing through 100% of the rent from the collecting party to the owner, that doesn't seem to violate this statute.Also, according to this page:http://www.ct-clic.com/FAQ/faqView.asp?

If the owner doesn't pay the mortgage or taxes, you are out again.