What is the recourse for the tenant who signed the lease under each individuals name?

But, this house went under contract in 3 days for $20k over ask, with multiple competing offers, in an area where the average days on the market for newly renovated flips is 100+ days! 

@Victor Yang When gifting a house, the FMV at the time of the gift counts toward your lifetime gift exemption (currently $13.92M per individual in 2025).

This also protects my downside risk because I could very easily lower my rents if I had to in a market downturn and compete vs. being forced to sell because of losing money. 

Assuming that continues and you manage your properties competently people will think you are way smarter than you are in 10 years. 

Avoid PMI and then go to a local credit union and get a heloc after closing to gift the money back.Have this as a tool in your tool belt but pursue use of the 3.5% FHA, knowing that you will be at a competitive disadvantage if you are competing with non FHA buyers, then you can call in the favor from your gift person.Just know that if someone gifts you down payment money, your bank will require them to sign a letter stating that it is in fact a gift that doesn’t need to be paid back.

The lion share of what a LUX seller is paying for when obtaining a competent quality LUX agent is NOT "pushing some paperwork around".......

Do any of the tenants have Dogs (Breed restrictions are individual to each company).These may not prevent you from getting insurance but they may limit the number of companies willing to insure it.

Any way I can help facilitate a meet up of like minded individuals, please let me know!

But I’m cool with what I have and now a happy wife, so I’ll stop buying rentals and stay away from Zillow. lol  Most of us want a life partner, but individual wants, fears, and desires don't always allow for this. seems like you found what works for you and your wife, which is great.