Quote from @Spencer Herrick: Yes, you should enter and secure the property.

Am I correct in thinking that you officially have Rental Property when you sign up with a property manager?

I was able to secure tenants for both units and used quite a bit of advice from this platform as well as other landlords I know.

Refinance Existing Loans- Lower Interest Rates: Since nine out of ten properties have commercial loans, consider refinancing to secure lower interest rates.

If there will be any delay I  would also send official notice of pay or quit or termination of lease in case they cannot proceed, explain to the family if you get payment and continue to get payment you will rescind notice. 

The smart folks have known that for years, but it's great to see "official" data validating it now.In short, no...

Thanks Marcus,I wish I will live long enough to see the retirement age hahaI'm hoping to officially retire by age 40 and would sure need quite a lot of equity to live off from a refi standpoint just in case I live to see 60+ years hehe

Buyers were able to secure properties in their desired destinations of Manzanita, Arch Cape and Yachats Oregon. 

Are you a mom and pop landlord whose most likely risk is a premises liability claim likely covered by insurance or a small claims suit for return of a security deposit?

If you want to learn more about the practice (and art) of safely and securely finding and funding a PML to see if it's for you, check out my book on BiggerPockets called Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending.