An NMLS registration should not be a requirement either, since this is not required of lenders who only make business purpose loans.

So many developers have been welcomed by small businesses and residents that are now moving to the area, making it ideal for rental properties. 

She has demanded that we bring on a licensed and bonded specialist and that the property is uninhabitable (it is 77F-82F) inside.She also stated that when we rented to her we told her that everything was working well.Well, everything was working well and we have a walkthrough checklist.Again, I am not in a business to spend thousands on the new AC unit or pay someone 1500 to come and look at it.This is fixable and take time.We also took a portable AC unit to her. 

We translate all of the PM software data into their QBO(s) each month to show complete financials (property-specific & non-property specific transactions all in 1 software).The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

Not to discourage you further, but CA has so many little intricate details to running a business with lots of extra taxes or fees.

I'd suggest trying a free training first that gives you the basics that will get you started and see if it's the right business for you. 

Re-organizing our rental houses into their own LLCs and considering using a virtual business address for each of these. 

We have a contractor we have used for her business and our personal home that is amazing and extremely reasonably priced that will do rehabs.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

In my experience, good design is good business; building something with character stands out to potential tenants (increased rent) and helps lower vacancy rates.