If no major deal killers that would affect income stream of the property or your desired lending structure are found then the buyers commercial attorney prepares the PSA or the sellers does.If sellers prepares initial PSA then the buyer might save some initial money but the contract could also be loaded in favor of the seller instead of fair and balanced to start with minor tweaks.

@Marc C.I have a few thoughts I can share regarding your posting from my only 6 months of pretty favorable experience with crowdfunding across multiple platforms in small investment amounts....You absolutely must read the contract before you invest.  

Not to say that you cannot do well in Sacramento area - but I am biased in favor of Hayward as that's where I have been investing (for cash flow) for last 7 years and have done very well.  

Key factors include state income tax, property tax, insurance cost and landlord favorable regulations.

Condos and townhomes typically lose favor before single families do as the market cools.

You need penalties if tenant does not disclose proper sales figures etc.Really need an attorney to draft a good lease in the landlord's favor.

Is it something that means no driving for weeks, and him then asking me to do him favors?

@Alessandro Zamai, sorry to say, I don't believe you are being given any favors here.

I let my membership lapse in favor of doing the yearly pro membership after this week's webinar but now I'm not sure I want to spend $200+ if I can't use the tools.

Even if the numbers aren’t entirely favorable in southern California, isn’t it still better than throwing approximately $2k per month at a rental?