Friend How did you finance this deal?

We are looking to rent our primary house and move to a slightly bigger house in the same town because my kids do not want to leave their friends. 

It is my LLC to his LLC , a friend that Ive known for 9 years working many notes with ,not that close a friend.

If they started proactively doing things like calling a loan due, the introduce higher risk of foreclosure.

I have a friend who has vacation rentals in that area.  

I've had friends that lost all back rent to a property management company that went bankrupt. 

The best advice on this topic, in my opinion, comes from 2 books:How to win friends and influence peopleNever eat aloneI am also looking for brokerages to work with or even experienced shadow / intern for to gain experience and additional knowledge.

I just wish I listened to an old friend who used it on the silkroad.

I am not sure the Tenant is so friendly, my property manager deals with them.If you have a PM, they should answer this question for you and handle the process.You should notify the PM and update your PM Agreement, W-9, banking information, etc.

You could look for a PML (friends or family and offer to pay them interest but lower than what the HELOC is).