This is why I stress the importance of knowing the laws and the strength of the legal system before investing in a particular market.

Myself I think if one wants to get into real estate in CA you get into the bizz you get licensed so you can legally collect fee's you put in the hard work like most wholesalers have to now..

I'd have them sign my own lease on renewal and I'd make sure I had enough information on them so I can go after them if a legal issue arises such as employer and other similar data. 

Keeping your license and avoiding any legal issues is probably worth more than this one transaction.

Then in 6 months refinance into a conventional loan and you can exit the property legally. 

Clear communication and legal safeguards are essential for a successful partnership.

You may need to seek legal counsel on this.2) Get all the info about your rental property as possible: leases, rent ledgers, tenant contact info, etc.3) Start looking for a new PMC4) Execute your termination notice5) Once transfer is complete, circle back to decide if worth suing them.

For US government purposes, our legal residence is a family member's home where we stay when we are in the US.Thanks for the DSCR info.

but working with someone who is local to your market, who can show you their legal documents that they have used, introduce you to a proper title/attorney office for drafting documents...I mean, nothing is foolproof...but that route will have a significantly higher success rate. 

Hey BPer'sI am trying to understand the legal aspect of security deposits as it pertains to a trust account in North Carolina.