It’s such a great resource for learning and connecting with like-minded investors.

@Ezra Avery you might want to read below to understand Classes of Property/Tenants.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

CA is arguably #1 in the USA by a long shot for resource-potential-of-awesomeness.

My end game is to show you a path to financial independence, whether that be at 45 yrs old or 70 yr old.  

If the seller isn't responsive, then do like the idea of telling the tenant you tried, and see if they can get some free legal assistance from a tenant resource center.It is a good reminder as closing approaches to ask the seller to keep tenants updated on the pending sale and when ownership is scheduled to change.

I knew I was adequately insured and had zero risk of financial consequences.  

(Due to some financial issues with him in the past, I'm not willing to cosign for him)  Would a rental agreement with the roommates suffice? 

Which one would also have the resources to challenge Airbnb if Airbnb threatens to delete their brand due to violation of their TOS? 

In this instance, there is no control and just hope.I would ask for financials, what happens if rates do not go down, and really get a better understanding.

That may not apply to you, as a financial professional, but I thought I would share the story.Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.