These are fairly common and, as a bachelor, would make an ideal area for me to reserve for personal use while the main home sees both personal and rental use.4.

It's a great way to connect with other like-minded individuals and learn. 

Can anyone here recommend a reputable tax services company (or good individual) who is located in SoCal who has experience or is specialized with doing taxes involving out of state real estate investments?

I look at the properties individually and then analyze them accordingly.

There may be little use for one if you are not partnering with individuals other than your spouse.

I've found that, although it is ideal to issue 1099's to contractors, etc.

Short term as in under one year ideally, where I know I could repay the funds quickly.  

Start with the podcast they will give you plenty of reading material and further individuals to read up on.I am a big supporter of Jake and Gino's Wheelbarrow of Profits.

The ideal cap rate is around 8.

It's also in an ideal location, safe building and highly desirable.