Ins and Outs of Selling a House with a Second

[Rose Jones]

I am going to be selling my primarily home. I bought it for 275, 000 and they are saying it it worth 
$616,000 - $876,000 nowt

This is ridiculous - It is still an ugly pig. But that is the Bay area.

I will not rent in California - I vote blue - but sheesh there are no protections for landlords in this state! My friend is always late - and she is tolerated because she pays. 
takion
I have some very nice neighbors that are interested, I will want them to qualify for a loan, but I have thought about taking a second back so I get a stream of income as well as the payment.   What says you? What if they default on their payments.