I also noticed it was listed on the MLS like 3 different times from about 2005-2009, so they tried selling it in the past.So I'd like some advice as to what I should do next?  

Therefore, Certificate of OccupancyCertificate of AcceptanceYou should bee consuming much time in preparing your rentals for showingCompletely  move in ready before advertising.Having great curb appeal to the drive by lookersLearning how to place an ad and what words you can say and what ones you can't.You should be consuming Learning forms you need to use and what they are for and where to get them,Notice to Quit (Non Payment of Rent)Summons and ComplaintJudgmentsEscrow FormsWrit of RestitutionNotice of Termination of TenancyNotice to Quit due to Health HazardsYou need to know your states laws in when you can send these forms.You should spend much time in developing a Great Lease AgreementApplication FormsAnd know what words you can say and not say in them as well. 

If you are only putting down 5%, it is riskier for the lender because that decreases their margin if you default.PMI should drop off as soon as you have paid the principle down below 80% of the contract price.I would think in general it would be best to avoid PMI, but it depends on the situation.

You can look at decreasing office occupancy and decreasing sales tax receipts to see that the high end is very much dipping right now and will likely continue to dip.  

I know this is California and all but it still is noticeable when values rise like this!

Thus, the incentive to pay all of the rent on schedule in Las Vegas is very strong.Population TrendsIf people are moving out of an area, housing prices and rental rates are likely to fall due to decreasing demand.

I do that buy pricing the house right, taking good ads, requiring 60 days notice (check your states, mine allow this) and showing the houses quickly.

By law, you have 15 days to dispute it from the time you received the notice. 

So I gave him a 5 day notice and he got mad, he wasnt answering my calls.

However,  I have noticed quite a few of prospective rentals for sale locally to me appear to provide heat for their tenants (which I really don't want to do).