Any gaps that get created between bookings automatically have the min stay reduced to the gap length. 

Which insurance providers or claims adjusters typically handle displacement housing arrangements?

It's good the tenant is talking to you, but I suspect she's just filling you full of excuses and you're lapping them up.Cash for keys is what amateurs do when they don't know how to handle non-paying tenants.

That is the traditional way to handle it.

Just be mindful of the following things when it comes to California.California does not recognize Bonus DepreciationCalifornia does not recognize real estate professional status.Therefore, you can potentially reduce your Federal taxes but not your California taxes.

Not as interested in how to paper a partnership agreement, really most interested in how others have successfully handled the alignment of interests component to business partnerships that span an entire portfolio.

So they often will reduce the leverage of the loan (getting 65% instead of 75%) or deny it (which isn't as likely). 

For house flipping, consider an LLC taxed as an S-Corp to reduce self-employment taxes by taking a reasonable salary and the rest as distributions.

Do you really think you have the skills and experience to handle a D (at best) neighborhood?

I would love to talk with a lender to get a better handle on the products that help investors BUT in my strategy, I am leaning toward NOT using hard money at first(if I can avoid it).