would love to hear some insights on the market and start making new friends here on BPI've seen a lot of ppl here on BP warning or saying its nearly impossible to enter the market of southern cali would love hear the other side and connect 

My insurance company sent me a special message and warned me not to rent the house to the tenant with 6 types of dogs, pitbull is one of them.

For example my accountant always lets me know when renewals and other forms are due, which he typically handles and only costs me $50 a year, as well as answers plenty of questions that I have.As a word of warning, if you do decide to go through an online company you must be on top of every form filing.

Check with a closing agent in your state that does owner financed closings.I will warn you that unless you get a sizeable chunk of money upfront from your renter, the cost of foreclosing them out if they stop paying could make this a money loser for you.Rather than financing them, could you instead just offer them an option to purchase within the next few years?

Not that @Paige Kelsey needs anyone to defend her actions but I'll offer my opinion since it will be an outlier here.Firstly, she already warned that it was a rant and thus an impassioned comment.

I suspect if you had warned people in Michigan two years before the crash, they wouldn't believe it could have gotten that bad.

Warning:  If they are self employed (RED FLAG)  they will likely need a MIN on 10% down and need a Stated Income ALT type programIf they are strong, good credit borrowers, hold a 15%ltv seller held purchase 2nd, this way they can look the best financing terms and eliminate the PMI.Likely the 1st mtg lender will want you, the seller holding the 2nd, to hold the purchase money 2nd mtg with a MAX  5yr Balloon or longer

My neighbor would lay low for a time after being warned and would then slowly increase his noise again.

Considering that you had an intent to make it a rental, you will avoid the self-employment tax - which is what the warning that you kept hearing was about.

I'm trying to gauge 1. how worried should I be and 2. if I should warn them that it's important to schedule a payment before Saturday in order not to be late.Any advice, veteran cozy users?