Thank you for the tip!

The 1400 sq ft single family home next to our primary has been a rental for the last 8 years or so and part of a large portfolio with a professional management company and their tactic is to professionally landscape once yearly and put grass and snow removal on the tenants, so I know it's done both ways locally.

Good morning everyone!
I am wondering if there is anyone out there who would be interested in mentoring me to help build upon my understanding of forming a Limited Liability Company. 
A bit of background about mysel...

If housing inventory is low or too pricey in the ‘hood you’ve set your heart on, you’ll only be in for disappointment after disappointment.Be proactive and expand your search to other neighborhoods that may offer the same amenities, such as walkability (handy tip: Check out the website WalkScore.com to see).

Hoping that the BiggerPockets community could share any tips that may be of value for a situation like this.

I was also told to sent rent high enough so that tenants don’t get overly comfortable.Any other tips for a prospective LTR in CA?

I'd highly recommend listening to episode 218 of the BiggerPockets podcast, as well as reading, "Driving for dollars: 5 Tips To Easily Find Off-Market Distressed Properties" by Chris Feltus.

Thanks for all your tips and info.

Any tips or suggestions for going about finding and analyzing a good deal?

My calculations:_________________________________________________________Income:4 Mobile homes X $350 lot rent = $1400/month $1,400 X 12 = $16,8001 2bed/1bath house X $650 rent = $650/month$650 X 12 = $7,800Total Income = $24,600___________________________________________________________Expenses *Estimated:Taxes = $1,750 YrInsurance = $1,500 Yr*Landscaping = $1,200 Yr*Utilities = $850/month = $10,200 Yr*Maintenance = $25/month X 5 units = $125 X 12months = $1,500 Yr *Capita Expenditures = $35/month X 5 units = $175 X 12months = $2,100 YrTotal Expenses = $18,250_________________________________________________________Net Operating Income:Total Income / Total Expenses = Operating Income Percent$18,250 / $24,600 = 0.741 - 0.74 = 0.26 = 2.6%Net Operating Income Ratio = 2.6%______________________________________________________Cap Rate with current asking price:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $260,000 = 0.025Cap Rate = 2.5%___________________________________________________________Cap Rate with $100,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $100,000 = 0.0635Cap Rate = 6.4%__________________________________________________________Cap Rate with $60,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $60,000 = 0.1058Cap Rate = 10.6%_________________________________________________________Cap Rate with $75,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $75,000 = 0.0846Cap Rate = 8.5%