Use the search feature located in the upper right corner of your screen.I also recommend getting a good book covering the general requirements of being a Landlord.

It covers all the counties in California. every county is a little different.New home builders generally charge all closing to buyers, and then give them a credit back for closing costs if they use their preferred lender or some other reason.

We welcome all levels of investors to our meetings and each meeting covers various real estate investing topics. 

Your parents can sign a POA (Power of Attorney) that covers their real estate, or just that one building and then you would have legal right to represent them even in court. 

At a certain point the newer sqft value covers total tear down when completed.

Should I make sure I have enough money saved up to cover me for a few months in the event I'm not able to immediately rent out the property and am stuck with another mortgage payment?

At this moment I will not cover the complete mortgage with the tenant's rent.

I bought it with 5% down as it was originally owner occupied and it currently has a 4.125% interest rate so all for principal, interest, insurance, taxes, and HOA I pay $1,942.38 per month, which is entirely covered by the rent paid by the tenants.

Aren’t the $200* per month for cap ex and 10% I take out for repairs sufficient to cover those expenses?

One unit (tenant 1) covers snow removal for the building for a rent reduction each month.