You’re going to be personally sued no matter the cause of the loss.

Its the action of Alienation of title that creates the ability of the lender to accelerate.

It actually says “Loans to Partner (or persons related to Partners)”.

I personally do not touch equity in my own home to incorporate into my business.

Networking is the key to growth...I am always down for coffee if you want to connect in person. 

I personally like Alabama and Tennessee a lot, depending on what specific area you're looking at.Look for Class B or C properties in stable rental markets, particularly single-family homes or duplexes.

Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.

Id have a lawyer on hand, this person seems like they will escalate issues once you notify them you aren't renewing their lease.  

So it's just personal preference and budget for a host.

If, a year from now, you have an extra $20k piled up because you have been serious about this, it established a bit of a track record and proves that you are a doer and not just a dreamer.I would also express gratitude that you have a partner that is so cautious.