Virtually everyone lives somewhere especially true for those that pay taxes (in CA property and income tax).  

Some questions to consider:1) How much negative cashflow can your other income stream(s) support?

Raised properties income from $2400 to $4300 and living for free in a massive 1600 sq ft 3 bedroom.

And now after a year, the utilities are eating up my income.

Depending on the loan amount for the new property, roughly a little over half of the gain could be deferred through the exchange.Without a 1031, they’ll face taxes on the entire gain, including federal capital gains tax (likely 15% based on their income), California state tax, and depreciation recapture, potentially totaling $130-150K.

I do have monthly mortgages to be paid and not having rental income to offset my negative cash flow has been a learning experience and really trying to think of what options I have to have better success at this.

Plus, I was not receiving interest income for about 3 years of the 5 year note. 

I can get $7000 rental income per month total.

What is the Corporate Transparency Act?

If they pay late now as is, let's say they lose a job or have a temporary loss of income, you're kind of SOL.I would look to build reserves between now and August.