I’d guarantee your loss too if I didn’t want you to fight.

And any loan basically at 65 to 70% LTV total if the first goes bad your going to take a huge risk of loss of interest ( almost guaranteed) and loss of principal..

- Who carries the personal guarantee on the debt?

Seller Financed: I don't see any verbiage in the loan document that made me think this is personally guaranteed.

If you lower the rent like Zane suggested, guaranteed she's going to want more and still not pay on time.Time for you to have a talk with both of them.

Plus it would have to be a banger of a property for me to have that kind of confidence in it going the distance through all the market cycles, regulation changes, OTA market shifts etc at which point I may as well buy it.Which circles back to my original point- if I am not owning and benefiting from the appreciation, why should I absorb so much risk and upfront capital if instead I can find an underperforming property with potential, take a guaranteed return off the top and invest almost no money on my side? 

This would make decision making hard, on top of likely needing owners to sign mortgage guarantees, etc.Not enough involvement/too many owners, that you no longer satisfy SECs rules for involvement and it is really a security that needs registered or exempted.Some middle ground, like DSTs or these other fractional ownership, where the admin work is so intensive that fees need to be higher to make it worthwhile for the operator.Then again, I am drawn to real estate, so by nature drawn to traditional, proven structures.  

These strategies can help build equity quicker, lock in guaranteed returns, and allow you to act sooner if cash flow isn't a priority.Good luck!

And, then, as time passes, because the lifetime of the lease decreases, the real value of the property actually decreases towards 0 until the lease gets renewed and there's absolutely no guarantee that it will.

If you hold both (the second for wildfires because of the garage), overinsure.Your last post said you were trying to avoid headaches and these are both guaranteed to be emotionally draining and the biggest headaches based on your description of the upkeep on both, but I get it.