I've recently heard that if an investor files loss in his investment property in filling his tax, it will effect his next mortgage by impacting on debt/income ratio. 

Maybe not 20 years ago, but now yes.In that rent range you will need to be very selective on your tenants, the more amenities you can offer and the more you can weed out people over the phone etc, the better off you'll be.  

Oh, FFS:California Civil Code, Section 11:"Whenever any act of a secular nature, other than a work of necessity or mercy, is appointed by law or contract to be performed upon a particular day, which day falls upon a holiday, it may be performed upon the next business day, with the same effect as if it had been performed upon the day appointed."

@Micah CopelandHi Micah, Im searching online by selecting my min and max price range along with #of of beds, baths with basement etc.

The house you select doesn't need to be perfect, but try to buy one that only has deferred maintenance issues like paint, roofing and maybe a new HVAC system.  

I write many articles on the importance of selecting the right lender for  you and tips on how to research them.Thank you and good luck!

I read another thread stating that the landlord really can't be listed as additional insured on a renter's insurance policy for because they have no real loss to claim (in more insurance-esq terms).Do I then have any ...

@David Fritch interesting career selection - one related question is how much do land surveyors get paid?

I came across my local database, however if I were to do a query, what selections would i want to be looking to select according to the list of terms below: like ok use: SE or ALL DEFAULT. etc.  

Not a big difference but I do have some equity to free up that can be used towards a future down payment.My biggest issue is that I have great credit and would be more concerned about the potential negative effect of a credit inquiry, and might be better served simply using the good credit (as is with no further inquiries) in order to borrow a bit more (instead of a refi for extra down payment money).