During slower months, sometimes you have a few days in between bookings and your cleaners can’t go until one or two days after checkout.

You have a  binding contract with the current one?

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.

As the current tenants been there for some times, deposits as well as the rents seems to be lower than what the market suggests.

After contacting four insurance agents, I've been consistently told that I need to purchase two separate policies: one for standard coverage and another for liability.The only option presented to me is the California Fair Plan, which offers limited coverage.

My options at that time would be to sell it when the renter moves out. 

She was consuming half of our time, and we were both miserable.

Save yourself the time and energy and reach out to local accountants. 

I would have a contractor price out the flooring, a lot of times they have discounts at wholesaling floor companies that you can get a better price with..

So, it won’t offer you any tax savings on its own.However, one of the primary reasons real estate investors place property into an LLC is for liability protection.