Demo can be a lot of permitting (clean air asbestos recycling utility mains capped, sewer septic ground issues.  

PITI, Capex, Repairs, Vacancy, Property Management, Snow/Mowing lawn, Do I cover utilities?

My buddy pays me $300/month and takes care of the utilities and WIFI.

A lot of people get started this way2) If you already own a primary residence (IE - you already have a home), you can utilize a 'second home' mortgage.

If you are worried about utilities, call and see what bills you'd be responsible for (guessing water and garbage). 

I already utilize a pretty good texting service, so I'm not looking to pay for extra features.

@Michael Morales I can't speak specifically for the California state and national exam, but I highly recommend utilizing Prep Agent on YouTube.

Eligible property includes 1) Computer software that is depreciable 2) Qualified leasehold improvements property 3) Water utility property and 4) MACRs property that depreciates over 20 years or less.

Some basics: 2x Units - located on the 2nd & 3rd Fl, ea is 950 sqft, they are 3bed 1bath, off street parking, electric utilities not included, includes washer/dryer/dishwasher/stove in unit.

Here are a few points of information:Construction prices are high in area ($300+/sf)Site can accommodate slab on grade and utilities (water/sewer/electric) are at streetTargeting 3br/2.5 bath (maybe 1 car garage).