I think one needs to think about gutters from 2 perspectives, one as a owner occupant and the other as a landlord. 

@John OyedeleGo to IREM.org search the area for ARM certified property managers call 5 ask them what they see expenses per category, what they see them selling for, what they see them renting for, market occupancy and the biggest question do they know anything coming up for sale.Paul

(They were into goth, black hair and nails, tatts, etc, but GREAT TENANTS... picture of them with grandma on the wall :)   I had to consider the month or more rents lost if they left.. they leave end of month, i can't do a turnaround in less than a week or two, so by the time i advertise and get a new occupant, 30 unpaid days blew by. 

There are many requirements, such as minimum credit score, min income, rental history, references, max number of occupants, pets, smoking, etc.

The issue i'm having is finding contacts that have successful airbnb units in LA so that I can better understand occupancy/rates.

.- No DOS clause because there is no existing financing`````````````````````````````````````````````````Seller Financing 101 - When SellingUnderstand Dodd Frank - If Selling to Owner Occupant, Use a RMLO or Registered Mortgage Loan Originator. 

There are some banks that will do HELOCs on investment or owner occupant properties with no seasoning and no internal appraisal.

@Mike CartmellMy personal preference is not loan to an owner occupant in a residential property period.

Other misc maintenance I can do myself.I'm counting putting 10% net income into a reserve account ($1,500/year) 2012 property taxes: $1,370.82Total cash outlay: $16,225 + $3,000 = $19,22515 year mortgage at 4.5%Estimate closing costs $3,000 Total Monthly Payment: $561.60 (including taxes & insurance) Last Sale date: October, 1996: $61,900County Value Details Improvement Value Appraised $49,400 taxable $17,290 Land Value Appraised $12,300 taxable $4,310 Total Value Appraised $61700 taxable $21,600 My Thoughts I am assuming a 94% occupancy rate of both units.Rents are average for the area.

Wow - my last occupant had me pretty irate but I am glad that I didn't get to that point.This goes to show how frustrating the courts/law can be to deal with when trying to evict someone.