Even though I can rehab the units fine,...I am too much of a pushover with bad tenants.   

But fyi, investing in some areas of LA county are fine.

I think you've received some solid advice here, and I agree with the majority of posters that $120K seems very high.

Quote from @Giacomo Matthew Degl'Innocenti: I very understand your speech but it's hard to believe the tenant has nowadays became invested of a far bigger responsibility than the landlord in making it possible to be having depicted an accurate profile also because is the landlord indeed who's on the business and receiving the money.Thanks your intervening here though  There is zero logic in any of this. 

We do not charge a fee to our members and we do receive a broker to broker fee, but it is up to the broker to pay the referring broker, and GEG opted not to pay us. 

Then months later, I received a copy of the court paperwork.4) Fast forward to last month.

If you are receiving 3-5 per week that’s not bad, considering the price is what most individuals look for when looking to rent.

Is there any advice that I could receive in this being my first-real estate investment? 

Was able to receive in writing that I am good to rent the basement.

I also accept checks but generally my tenants don’t mail these until the 3rd or 4th which typically means I don’t receive them until the 7th-8th.