In what sounds like a very hot market, that's going to be extremely difficult. 

We went after a tiny house in Torrance that was listed at 850k that needed a full gut and rehab.

Add a late fee, the fee not paid, and the normal rent to the next months dues...That is what I would do, However I am in TN which is extremely friendly for landlords...Check with your attorney to get all facts...You need to get it right the first time with them.

Spend some time on this site as it has an extreme amount of information. 

But your emphatic feedback to everyone AND the fact that you’ve actually taken action is extremely helpful and insightful.

In my experience, separate stove top and in-wall oven or double oven are extremely desirable in higher end rentals.I would not put a jacuzzi tub in a LTR, but would be fine in STR since it will be cleaned regularly.I don't have any experience with a similar insert, so no opinion there. 

The community here on bigger pockets is extremely helpful and knowledgeable & although I wouldn't be of much help in regards to your particular market, I am a buy and hold investor myself.

Currently, fha monthly mortgage insurance or MMI does not go away till a min of it being paid for 11 years or longer (if you put down 10% or more or have 10% of equity or more at the time of purchase or refinance since people can refi into fha as well as use fha to purchase.Since only a tiny fraction of borrowers who use fha put down 10% or more their monthly MI will go on for the life of the loan or till they pay it off or refinance out of fha.On conventional financing the monthly MI can also be automatically removed when you pay down the loan to 78% of your purchase price.

Take my following comments with a grain of salt as, based on the fact that your previous deal has fully funded and you have received great response from your fellow Bpers in this thread, you are clearly already on point with how you are pitching your deals.Yes, I get that there is a point where information overload would distract and possibly lead to quicker tune-out from some potential investors but do think it is extremely valuable when an operator demonstrates his knowledge of a deal beyond just the top line selling points within the body of their pitch. 

They don't understand the way I think and are extremely risk adverse.