I am asking because I always come across discussions mentioning the 21 days rule, but never heard about the 60 day rule.This could have major implications, as by the 21 day rule, landlord would have to return the deposit by 07/21, and would potentially lose rental income for August, depending on the market, as rents are typically hard to collect after the deposit is returned.

@Clayton Mobley I read that 8-10% is typical for property management but I also heard sometimes property managers sneak in fees. 

Issues such as this are typically resolved by either removing the encroachment, buying the affected land, or pursuing a quiet title action (if there are grounds for it).

The 3 things to typically look for is appreciation, equity and cash flow.

Condos are harder to get loans for which means harder to sell.Condos are everywhere and so they don't appreciate like single family.Families typically prefer houses so condos have a smaller pool of potential renters.And why pay 100%?

In TX at  least, we have a concept of community property (from Spanish law) that means spouses typically own property jointly, even if only one spouse's name is on the title, for most assets acquired after date of marriage.

I typically add about $100 to each for the Emergency, Travel, and Investments account every month.

Appreciation in Palmdale and Riverside is likely less than LA, but cash flow may be higher on the typical deal.

The process to wealth is typically very slow, but steady.

A military renter will typically stay put for 2-3 years so you get stability.