Open ended contracts, particularly verbal ones, usually end badly.

1) Yiu REALLY need to know what CA will  allow you to do, I don’t know, but the state may say too bad landlord, you lose. 2) Assuming your attorney (Or you if you’re able to decode the laws that relate to your situation and are willing to go to court in front of a judge against a “sick” kid.) think you have the right to collect the rent I’d give them two options. 

Sounds like a bad situation.

I do not think they regulate this strictly on other industries like food service, or even medical.Sounds like the mayor or city planner or someone "important" had a bad stay at a STR somewhere.

That would almost always be from the same lender who has a 1st AND 2nd on the property and they are just fed up with the owner and are taking the opportunity to get out of a bad situation entirely.Sorry, it's complex enough that it isn't a 15 minute class.

I have seen too many partnerships go bad (almost all, just a matter when), that's why in 15 years I have never partnered.

I'll be the bad guy for you

Old properties aren't a bad thing as long as you account for the big four- HVAC, foundation, roof and sewer.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

It was so bad we almost lost our property because the sellers wanted to back out.