The critical provision is: The Jim Brooks Act would require landlords to submit copies of all rent-increase and eviction notices to the city within 48 hoursafter the notices are delivered to a tenant household.

That's why it is critical to develop a team and focus on a niche.

In single family, buying in the right markets and neighborhoods is critical, since future values depend on market forces.

The book does a good job of explaining the basics, like the renovation/rehab costs being packaged into the mortgage, but there are a few critical parts that are left out of the book that we uncovered through research.

Properly installing a vapor barrier is critical if you have a crawl space.  

So PM is critical.. larger PM's can and do have hundreds of thousands to millions of dollars flowing through their accounts so you want to make sure they are fully licensed and vetted as you said.

This depends on your personal credit worthiness and the income/equity in the house.4) A mortgage officer will manage the loan process for you, I still know very little about this process and I don't believe it is really critical for an investor, outside of knowing how much money you can have access to and what the cost of that money is.

I had one write up no GFI plugs in the wet areas as a "critical" item.

The location and demographics will be critically important, but in their successes it seems like a repositioned center will have as an anchor one of the following: major gym, movie theater, discount apparel store (TJ Maxx, Ross, DD's Discount), hobby store, general discount store (99c Store, Dollar General).

Building sidelines in addition to the rehabbing is critical for long term success.