It’s a nice cost effective option.

Same goes the other way - if a tenant issues a notice to vacate that takes effect on the 10th, and their rent is due on the 1st, they are responsible for the entire month.Another thing to consider here is your desire to change the terms of your purchase agreement by requiring the unit to be vacant (this is similar to the idea that you should be able to renegotiate the terms of the current lease agreement and require the tenants to stop smoking). 

When investing OOS, trust and communication is vital.

(Effective September 30, 2018.)(1) A landlord may not, based on the source of income of an otherwise eligible prospective tenant or current tenant:(a) Refuse to lease or rent any real property to a prospective tenant or current tenant, unless the: (i) Prospective tenant's or current tenant's source of income is conditioned on the real property passing inspection; (ii) written estimate of the cost of improvements necessary to pass inspection is more than one thousand five hundred dollars; and (iii) landlord has not received moneys from the landlord mitigation program account to make the improvements;(b) Expel a prospective tenant or current tenant from any real property;(c) Make any distinction, discrimination, or restriction against a prospective tenant or current tenant in the price, terms, conditions, fees, or privileges relating to the rental, lease, or occupancy of real property or in the furnishing of any facilities or services in connection with the rental, lease, or occupancy of real property;(d) Attempt to discourage the rental or lease of any real property to a prospective tenant or current tenant;(e) Assist, induce, incite, or coerce another person to commit an act or engage in a practice that violates this section;(f) Coerce, intimidate, threaten, or interfere with any person in the exercise or enjoyment of, or on account of the person having exercised or enjoyed or having aided or encouraged any other person in the exercise or enjoyment of, any right granted or protected under this section;(g) Represent to a person that a dwelling unit is not available for inspection or rental when the dwelling unit in fact is available for inspection or rental; or(h) Otherwise make unavailable or deny a dwelling unit to a prospective tenant or current tenant that, but for his or her source of income, would be eligible to rent real property.(2) A landlord may not publish, circulate, issue, or display, or cause to be published, circulated, issued, or displayed, any communication, notice, advertisement, or sign of any kind relating to the rental or lease of real property that indicates a preference, limitation, or requirement based on any source of income.(3) If a landlord requires that a prospective tenant or current tenant have a certain threshold level of income, any source of income in the form of a rent voucher or subsidy must be subtracted from the total of the monthly rent prior to calculating if the income criteria have been met.(4) A person in violation of this section shall be held liable in a civil action up to four and one-half times the monthly rent of the real property at issue, as well as court costs and reasonable attorneys' fees.(5) As used in this section, "source of income" includes benefits or subsidy programs including housing assistance, public assistance, emergency rental assistance, veterans benefits, social security, supplemental security income or other retirement programs, and other programs administered by any federal, state, local, or nonprofit entity.

Plus I still have a full time job working 50hrs a week so don't really see how I can fun this effectively... for now at least.

@Agyei Axum i have been renting by the room for the last 7 years. that is actually all that i do. i would strongly suggest doing that in your case to boost cash flow in your expensive market. i would find comparables in order to price effectively.

look up property tax record and get name and address of owners, Go to their homes and start a conversation.eMails and texting are not the preferred choice of communication for most people 35  or older. 

On the other hand, Bellflower does not have rent control.If you are referring to a single family residence where there is only one unit on the lot, then it is not subject to rent control laws.In any situation, I would encourage good communication so that you and your tenant can have a mutually beneficial, long term relationship. 

After a few months with a property management company, they have made a few mistakes: - Forgot to resolve a broken item in the condo for the tenant, with no communication about the fix/progress for over 2 months- Miscommunicated rules of the lease to the tenantWe’ve also received feedback from our tenant that they aren’t very happy with the tenant-side service. 

Success looks different for all of us but we all have an ideal level we’d like to reach before we can claim “I made it.”I want to talk about another side effect if success which is philanthropy.