You also need to consider that at a lower percentage of money down you will be paying a Mortgage Insurance Premium or MIP. 

You will probably want to pay attention to the income tax basis to any proposed transactions as well as be wary of any transfers that cause a property tax reassessment, depending on whether that amounts to a big increase in taxes or not.Feel free to reach out if you would like referrals in San Diego County in order to work remotely.

This is the first time I have done something like this, where it was for other reasons besides not paying rent. 

Did you inherit this home with a step up in tax basis or will you need to pay taxes on any gains if you sell?

Get them to give you an idea of what they are paying for party /event space now in Amarillo and if they would sell your venue for you.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Property damage, excessive wear and tear, but paying, that PM has an incentive to look the other way, don't they. 

Next up I'll be exploring what would the seller pay for peace of mind?

You let it slide, waive the late fee, and she pays by the 10th.

Long Term non-paying Tenants.