This duplex is under LA rent control ordinance so the the rent increase on units is limited to around 4% per year. 

The house is 60 yrs old and original but in fantastic shape. 

I was unable to rent during these months for the reasons you mentioned above so I lowered the price by 200 bucks a month and found a fantastic tenant (honestly one of my best).

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Fantastic company. www.nrbproperties.net

Rent control favours tenants as well. 

The turnkey provider may tell you that you won't have any Capex, repairs, or maintenance for years, and if they do, you should look for a different company.I have purchased 3 properties from a fantastic turnkey company, and you must be absolutely certain you trust the people running the company.

You want to make sure everyone is moving out with the termination and also you have rent control in your state so everyone moving out benefits you. 

In other words, I don't advocate to working for a good CPA and trusting them to do it... their job is to fill in the right forms but you need to be in control as the owner and not let the consultant dictate the scope of work.

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