This may not be something "groundbreaking" to you if you've been already incorporating this into your business, but for me it just made so much sense.

You will just need to incorporate additional screening stesp such as creating leases, referrals, and more. 

a few other things I've pushed myself to do over the last few years:3) walk across glowing, hot coals4) break a brick bare-handed5) lie on a bed of nails6) break a beer bottle bare-handed7) execute a full side split between chairs (like Van Damme)and numerous other lesser "victories!"

@David Tipton True, I forgot the mention that the said $800-tax only applies to LLC incorporated in CA or doing business in CA (generating revenue from being active in CA).

The CAP shows the investments are equivalent (both have 5% CAP).Underestimates Value of Improving RentalWhen you are comparing buying and leaving a property as is vs buying and improving to increase rent you need to be able to incorporate that the rent increase will last for years.

The tank is only required when the water supply system incorporates a backflow prevention device, check valve or similar device.

My attorney who specializes in corporate structuring advised me to do the following, so this is what I did:Email 5 or 10 local lenders asking if you can do this.

I do not live by crisis management but I do incorporate the unplanned expenses in the business model tough. 

Do you suggest incorporating a reserve fund as initial cash outlay in analysis of deals?

These developments are incorporated--hence, are corporations, and run like corporations, for the good of only the corporation.