I've consumed countless books related to the topic and I've shaped my mind by various sources, while trying to avoid gurus without a track record. 

This will add another cleaning fee which I have set slightly higher than cost to cover consumables and very often another pet fee which is a money maker.

If the borrower lives in the property, its considered a consumer loan and it could take over a year to get a foreclosure done.

Otherwise you need to be licensed, bonded and should also carry general liability insurance. licensing laws are to protect the consumer.

I know first hand how demanding and time-consuming those careers are, so I just want to say it is 100% doable to successfully invest out of state while still killing it in Hollywood.  

In consumer friendly states, the agent retains great liability whether the member of the public is your client or not.

It’s much easier and less time-consuming than trying to flip/BRRRR/wholesale but still gets you started.

@Jim T. if your unit is not a single family home or a condo then it is already under state wide rent control (AB1482) which will limit annual rent increases to 5% + the Consumer Price Index.

It is time consuming to learn and people who do it every day are good at it.

Treat is a normal job and don’t be consumed by it and you will have plenty of time to spend on investing.