The main one is failure to pay rent.

@Braden AndersonI use the addresses is the 123 Main st LLc

I have also just started my real estate career (main job is a teacher) and don't have many contacts for lenders, contractors, etc.

I would love to get any referrals I can at this point, my real estate involvement at this point is mainly intellectual and I will definitely need to start growing my contacts list.

Population and Job Growth are the main Key.

Since your main income isn't tied to CA and you plan to have profits coming in from OOS rentals, I bet you'd save money on state income taxes by no longer being a CA resident. 

Those were my main two things to get done according to him.

A lenders main concern is your ability to repay the loan, if you lived your own they deemed you not able to.

I can deduct a portion of property tax equal to the ratio of granny flat / (granny flat + main home)4.

the main thing to look out for is if they are constantly going there for repairs, where i invest has houses about the same age and usually the 1st thing i do when i buy them is replace mechanical s, those are always the things that give you the most trouble, then you do not have to worry about them for at least 12 years. it is probably any extra maintenance killing your profit.