Heavily vet your tenants.

Frequently, realtors are not as accurate with their rental information unless they work heavily in that space, where as property managers should always have the most current data.You will also want to understand property taxes, HOA fees, and get an idea of insurance costs.

Because California is so heavily regulated, they have their own California edition so be sure to purchase the correct version!

@Pedro Jean @Adam Martin the other possibility for no credit is that they are foreign nationals or spent most of their life abroad, in this case a cosigner may not be possible or practical, so you should focus most heavily on their employment.

If you have it installed, definitely be prepared to replace the blade (gets dull) or entire unit more often than normal due to heavily increased wear and tear from grinding up "potatoes" daily, versus regular soft waste it's designed for.

We are a perennial vacation destination on the east coast, within comfortable driving distance of several Midwest states and the heavily populated Northeast. 

@Caleb Charles software is discussed heavily in the forums.

I just wanted others input as to your experience after a tenant that either smoked heavily or had grown marijuana in their property on whether it had negatively effected your properties.

Will be tough to say no to $600K/yr gigs, but if you know me, not really :)I started with rentals (still have some) then went heavily into passive syndications.

There's no need to feel sorry for a Tenant that's been heavily subsidized for 12 years.