Perspective tenants don't want to live next to a sex offender or a violent criminal regardless of the circumstances.

The advantage of that is that if an unforeseen financial setback sneaks up on you, you would have the option of making the lower required payments for a while. 

Take your lease to a Landlord/Tenant lawyer in California to discuss how an Act of God or some unforeseen, catastrophic event may impact your obligations under your lease.

Each property is different, the circumstance of sellers and buyers will always be different, that takes your flow chart to unlimited variables, many functions are the same, but you'll have different choices and paths to reach your desired results.

Correspondingly, all business income taken from an LLC under similar circumstances is subject to self-employment taxes.

Sometimes a seller has a circumstance that compels them to leave. 

In some circumstances those unknown conditions of the property, which require substantial repair and translates into larger capital demands, can become a fast track to zero profit and losses.

And I do have one like this.Depending on each individual's circumstance, goals, and knowledge, this is a different answer.I save my money while I still enjoy the fruits of my labor.

From my understanding, if the loan is over $144k, then only in special circumstances do you have extra entitlement. 

There is no depreciation allowed on your personal residence.Consult your own CPA or tax adviser for more detailed guidance as it applies to your specific circumstances.