Not because I was hiding anything (if caffeine ever becomes a controlled substance, different story) but because the landlord would be trampling on my right to privacy and probably not be someone I'd want to rent from.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

If the landlord is sued for something totally unrelated to the property, your insurance would be required to defend them as they have liability coverage under your policy.I suspect that it sounds like there would be no harm in being listed as an Additional Insured over an Additional Interest.

I wouldn't eject this guy.If it were mine, I'd offer him the "Better" apartment at (for instance) a $50 a month upcharge, if you want no cats, make that part of the counter offer.Overnight guest that got out of hand, seems like a drama situation, in other word none of my business, as long as the renter can eject him I would not take any action (for a couple of weeks)--no harm being done.So why keep him--why not--he creates a turn either way, and long term...the "friend" will not be there...Secret cats..

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I have a total of 50k in equity in equity and you're right about leveraging my only rental property to make another deal, there's no since in putting myself in harms way (financially).

Doesn't seem like a harmful change unless you take pride in calling yourself a lord. 

And you go forward with a 1031 exchange on the sale of your 70%.Just make sure to alert the accountants ahead of time so they understand it will not be a deemed sale but rather a recognition of substance over form in regards to the unrecorded interest.

My caution come from not wanting them to harm the property they know I am rehabbing across the street.

I have not seen data but I have heard that owner occupied duplex and triplex owners are so harmed by the new normal for landlords in Oakland that sales prices for owner occupied duplexes and triplexes are declining.