You can also involve an accountant/book keeper on this so you can get paid, minimize your tax burdens, and keep money in the business... also be sure to talk to your attorney about the quit claim deed.

so if you are looking for a fixer just be aware of the delays and issues with contractors and also be very aware where you are buying. 

In the unlikely the event they are just learning about depreciation or heard about it recently, the recapture would be minimal.

The best use of an FHA loan is to minimize your out-of-pocket and the best way to do that is to buy a house already fixed up.For #3, there should be no reason to put 20% down on a rent property. 

Though the cash may be minimal, the other returns are pretty good, in my opinion, and will help push my wife and I forward much faster than if we had just stayed in our first property (we're profiting an additional $900/mo by moving out of there).

My husband and I own a renovation company and I'm not going to lie, we have had some struggles along the way with employees not working to the quality level we require or high turn overs causing delays.

I would start the eviction process and it will either scare them into paying up quickly or you will at least get them out sooner by starting now instead of delaying it further.

Minimal upkeep, industrial strength supplies at cheap prices.

Those are generally limited to things such as violations of habitability, military duty, landlord harassment.Under CA laws, landlords are required to minimize losses if a tenant prematurely vacates a rental.

Capital expenditures are minimal with the the recent reno and a property manager told me they'd be easy to rent and may be able to slightly increase them by a few bucks every month.