Yes it was , I have had this loan for 7 years now, they are growing the company from one into a RIET of 4 different businesses and the goal is going public once the company is in the right position.

Just pick a route, get extra liability and focus on growing. 

For this similar price. 2 bedrooms under $300k : rent a room, Reno the condo, increase value and let it ride while paying down the loan , taking tax benefits and growing equity.

I think so many of these responses are based on made up hypothetical’s and not real life, I don’t think the vast majority of people are out to marry someone only for money & I certainly don’t think you want to get married assuming divorce but in the real world life is long people can be married for decades and something can change people can grow apart, you can even have a contentious divorce where getting the money becomes as much about hurting the other person as getting the money itself, I don’t think there should be any shame in making that even in a good marriage that if you grow apart you don’t put yourself in financial jeopardy.

All advice is greatly appreciated so I can grow and learn and then be able to do the same for others in the future. 

Maybe pay him a little for things he does for you, help him manage that money and grow it.

For now, robust insurance can provide liability protection, with an LLC added later as your portfolio grows, balancing California's fees with liability needs.

DSCR loans could be a good option if you want to continue to grow your rental portfolio.

I’m here to network with like-minded individuals, share experiences, and grow my knowledge in real estate investing.

However, if you'd like to continue to grow your portfolio and use your own funds (instead of OPM), then I would tend to say take out more than the 50k in order to fund future purchases.