But all my assumptions above were loosely based on county set up (gravel roads, water meters, no civil design for drainage, etc.).

I can go into more detail on that if you want, but don't want to loose too many people on a long post.So my question is this...

The landlord can put that in the lease but it doesn't mean it will hold up in court.A judge will likely throw that part of the provision out and make the landlord go through the normal eviction process.We have a clause where the rent is late on the 5th and then an eviction fee of 150 is added on plus 10 dollars a day for each day they are late.The judge gives us the 150 and back rent as a judgement but sees the 10 dollars a day as excessive in most cases and will not give to us.We have it in there to make the tenant feel the heat and want to pay the rent instead of letting 10 dollars a day accrue.I am sure it is the same way with this other landlord.Most of their tenants are probably not fully educated on eviction law.So they assume they must leave by the 15th because they signed the paper.

So, in the next 13-15 years, hopefully I can have the reserves/liquidity in excess of that $200k you mentioned and still maintain a good income.

Your period of controling the property needs to exceed the term of your buyer.Next, rent credits, see what the lender will apply as rent credits, they may keep you to only amounts paid in excess of fair market rents which would put your buyer thinking they have more equity than the lender will allow, which means they come up short at loan time unless they have other savings and the deal falls through.Next, it is not permissible for a tenant to agree to pay for maintenance for a property as that is consider paid in the rental amounts to the landlord and is noraml wear and tear of and in the business of the landlord....so check in your area as how they view such an arrangement.I breezed over the numbers, make sure that your property will appraise out for your selling price to your buyer when the deal ends.

If there are too many title transfers (often more than even a single transfer) in the past 12 months, it may be very difficult for me to resell to an FHA buyer, as the property would be "red flagged" by FHA due to "excessive flipping."

Watch out for the tax man if your dividend is excessive compared to your earned income.

Situations where roles aren't excessively defined or when one person does all the work and heavy lifting too often lead to resentment and infighting, which makes everything eventually blow up.

I suggest you not ask about points when you're sitting in front of the lender/loan officer. 5 points on a 50K loan is excessive.

Instead of accusations tossed loosely and playing big shot why don't you figure out as an expert where there is presently over $40 million to be made in LA county at the present time and let your mind do some real and useful work, but I doubt you can figure it out.