It's no guarantee but it's a good place to start.1.

It's no guarantee but it's a good place to start.

Also what would guarantee the partner would get their money out, mechanics lien?

Where else does one get the lowest rates fixed for 30 years to go buy assets that can perform and cashflow meanwhile the lender has the debt guaranteed by the US Federal govt?  

I can almost guarantee that you will have to double what you believe to be your holding time and add 25% - 50% to your Reno budget.

They are letting me do it in the name of the LLC with a signed personal guarantee.

Please search for E2 visa for example , or the EB5 programGenerally speaking - money and real estate don't guarantee anything immigration wise , but they all play a big factor if you do it correctly

Even then it is not guaranteed. 

The pre-existing tenant is a great perk, but it doesn't guarantee that they'll stay, and the lower down the prop class ladder you go, the higher turnover you're likely to see.

I try not to rent to those types -- the dude is practically guaranteed to split one fine night with a life-is-short-I'm-sorry note.