In order to encourage tenants to get renter's insurance, we have been contemplating instituting a $50 monthly fee until they provide proof of renter's insurance with the owner listed as an additional insured, but not sure how well that would hold up if we ever had to evict. 

I would encourage you to speak with property management professionals and a property management attorney to get an idea of what procedures you should have.

Also appreciate your doing it to encourage others.  1) Totally understand where your coming from.

Our goal is to deliver as much value as possible to encourage everyone to either get started investing or dramatically expand your portfolio in the best markets to accomplish your goals regardless if this is your 1st property or 50th!

However, informing others of all the reasons would be contrary to my desire to not encourage people to move to CA.so CA $ucks.  

But Norada was pushing their Promissory notes and touting the company as doing very well  in there webcast on 6/11/24 and 6/18/24, actively encouraging viewers to use their  IRA to invest.

You could start a PM company that handles subsidized housing program recipients primarily but I am not sure of the economics of that as it is not my specialty.

Thank you Pat for the encouragement and advice!

However, I emphasized the importance of open communication and encouraged them to reach out proactively if they foresee any challenges with future rent payments.

Maybe it's conjecture on my part, but I think a good agent (good being the operative word) would have encouraged you to start by offering lower and saved you more than 2.5%.