It also relieves you of having to be the bad guy because you are just following the lease.In most, if not all standard leases, there are clauses that address the condition of the property, and the Tenant's responsibilities to maintain the condition, and then an escalation to allow the Landlord to resolve at the Tenant's expense. 

@Brent Smith Those numbers are fine as long as the roof was recently replaced and HVAC has been maintained.

I have been studying and drinking in as much knowledge as possible, and there seems to be so many good options!

The answer is yes- but we'll always maintain business in Chicago.

the other thing Rick is just studying and getting a license wont really help with negotiations and many of the questions being asked here.

I am a college student studying accounting but I am so interested in getting my foot in the door with real estate.

Just study a market and figure out the average cost per a unit and buy a deal at the very bottom of prices per a unit.

Best place to start is to study the OM of the types of properties you would like to get into then connect with the brokers and ask good informed questions about the property.

He manages and maintains the properties, deals with tenants, and does all of the dirty work investors don’t want to do.  

It is expensive to create and maintain LLC'S in California.You might be better off with an umbrella policy.