If I was going to break the law to make money I'd probably choose a more lucrative path than bandit signs.

The black marker keeps the machine from reading the address makes them handle the mail by hand which seems to get the system updated sooner then the "right" way of doing it.If you choose to use a marker to black out the old mailing address, be sure to also black out the bar code lines at the bottom of the envelope, otherwise that mail might find its way back where yo don't want it!

However, the landlord has the right to refuse to rent to more persons per bedroom if he chooses.

Should I choose to go the FHA route, I would have more funds available for my 'second' down payment on the next house.

Everyone does it a little different but to the best of my knowledge it should NOI / Cost making Property #1 a 7.8 Cap and Property #2 would be a 11.5 Cap.Strictly based on the Cap Rate I would certainly choose #2 over #1.

Next day tenant calls and is complaining about problem.Would you keep P.O BOX 13, im second guessing my self on the luck of 13 and have no idea why I choose that one.

Also, when trying to choose a contractor, get multiple estimates.

Gives you the best chance at choosing a decent tenant IMO.

If you choose to terminate the agreement, you are not liable for the full amount of the purchase price.

Since you're in CA you might find this informative: http://www.hrfh.org/housing_discrimination.html Be careful should you choose to make such a requirement in the future.