Introduce mandatory quiet hours and you'll save yourself a steep learning curve from the beginning.

Other than those and maybe a couple of others, you'll be getting into extremely sketchy areas to make cash flow projections work here.

@ Tim Saboha you must not have ever read any of the previous lazy landlord postsThe series is mostly dedicated to the novice DIY person Strategizing how to tackle jobs that are do able but can seem dauntingThe first where I painted one of the same houses that I am now considering farming out.The lazy in lazy landlord is tongue in cheek.Although I am prepared to do what I can in a property as I acquire more It becomes less efficient So the series evolves as my business model evolvesPerhaps I will paint some and not othersAnother thing to consider A great painter can make a house look stellar where as a novice can make it look quite cheapI have an extremely high standardMy apartments usually are the best in town for the money.My profile pic is my latest apartment By the way I did the floors.So don't take me too seriously In just doing my part to share my experiences in he forums 

Davisson - Extremely helpful!

Talk to your title insurance company about it, but many require you to meet certain conditions --- which may include bringing an action to quiet-title. 

The $50 "reservation fee" is extremely common and as far as I know all companies charge it.  

The book is extremely comprehensive and detailed about finding properties, contractors, overseeing the rehab, and much more..

Looked great in the beginning, but after 2 months I discovered it was extremely clunky and didn't fit my personality, but I was locked in for a year @ $39.95/mo.

I was pre-approved via Wells Fargo at one point, and their service was EXTREMELY slow.  

I know CA is extremely tenant-friendly, so you've got that going for you.I really don't like this swap security deposits with previous tenants business, but I don't know how a CA judge would handle this.