You will be familiar with the area, so you know the ins and outs of the neighborhood, including its amenities, schools, transportation, and safety concerns. 

One thing to look at in detail is the advertised cap rate and advertised NOI.

With rates at this level I an not sure places will cash flow at 80% loan value. 

I would warn to be wary of choosing the lowest monthly rate, that is often a huge trap. 

was thinking of letting them know I leg rent more than a certain amount here in California unless that person decided to move out and one of their other not on the contract tenants signed a new lease at the higher rate?  

Here are some of the reasons for this: i had an insurance claim with my LLC about 5 years ago and now my insurance is through the roof, interest rates are slightly higher i use the LLC because I will be getting a mortgage.

If you are looking to refinance with a rate and term or non-qm option you may be looking at around 6 month season.

I'm researching the risks associated with leverage in real estate investing, particularly the rate of bankruptcy among investors who use leverage.

What is the average occupancy rate for the properties you manage?

Evaluate prope­rties carefully - cash flow, cap rates, de­mand.