If not, we get to keep that extra money as well.

However, my house is totally paid off and with the extra money i inherited, i would like to make money with it and start investing in rental properties.

I have only been apart of BP for a week and amazed by the wealth of knowledge I am getting!!

You will have extra plumber calls due to smells and backed up toilets and the cost of the toilets.

You cannot charge extra rent or an extra deposit for an ESA; however, the tenant is responsible for whatever damage that animal causes.Service Dog (or miniature horse) -- These are animals that help with some kind of physical disability. 

So I am still learning how to word everything correctly. so please bare with me.Lets say a person makes 15,000 a year before taxes and wanted to get a property to fix and rent out. in southern California. lets say the person used a hard money lender to obtain the property, and sources for the rehab and closing cost + extras in case anything pop up that needed to get done.now that the rehab is done and the house is ready to be appraised, rented out with a management company and refinanced. would there be a way to refinance the house with that low of an income ? 

@Scott Smith is a very experienced an knowledge attorney on Series LLC and AP.

I have been going through quite a bit of knowledge on learning ARV's for houses in various zip-codes and have attempted  doing my own "comps" but have only been using sites like Zillow and Redfin.

What they are is an EXTRA fee on top of the interest that you pay. 

Looking forward to soaking up a ton of knowledge as I begin to take steps to building wealth for my family.