Which makes him odds on bet to be a “bad” (no pay - late pay) tenant2.

Unfortunately, such tenants are not commonplace.To maximize the odds of always having your property occupied by a reliable tenant, buy properties that attracts a tenant segment with a high percentage of reliable people.

However, if you choose lenders that originate the loan (purchase/rehab/DCSR) to the LLC (entity) and do NOT report to the credit bureaus then as long as you do not default on a loan, the odds are slim that your borrowing activity will appear on personal credit.

Oddly!!!   

The actual amount seems reasonable and in-line but that structure strikes me as odd. 

An attorney can give his opinion as to what the odds are of the different ways a legal dispute can play out, but it’s the investors decision based on a cost/benefit/ risk analysis to decide how and of to proceed.There’s no way for anyone to render an opinion about what you “should” have done without (1) complete information as to the property being purchased and (2) complete information as to the risk tolerance and financial makeup of your investment group.Here’s my advice - don’t second guess yourself based on opinions of people who (1) don’t possess “all the facts” and (2) probably never acted as sponsors of a syndicated investment.  

I'd ask the tenant if they are staying because apparently they don't have to tell you if they are going at the end of the lease (which I find odd, even for CA which is very tenant friendly) and if they want to stay, they are to talk to you about renewing their lease. 

Would love any input here.Thank you.Hi Anita I specialize in STR sales and operations out on the OR Coast..oddly when clients don’t find what they’re seeking or are priced out in the coast several have purchased STR’s in upstate NY.

In nearly every iteration of discussion of Real Estate and Inflation for the last, IDK 80-odd years plus it's been stated, restated, confirmed and reconfirmed over n over n over again that REAL ESTATE IS THE BEST HEDGE AGAINST INFLATION.     

Odds are the drain line, condensate pump, putting down new riser blocks or mounting blocks, the whips and line sets, new disconnect box, new low and high voltage wiring aren't in your Google pricing.