The Exchange Accommodation Titleholder ("EAT"), often a sister company to the qualified intermediary, will form a single-member limited liability company and disregarded entity or ("SMLLC") to serve as the lessee.

Now consider this: all the groups people are spending fortunes to target—foreclosures, absentee owners, probate leads, tax liens—what do they have in common?

I will give you the common-sense answer below, but this is California, where common sense doesn't exist.A mandatory evacuation is outside of your control, so you shouldn't suffer financially because of it.

Beyond legal requirements, I’d love to hear about any practical advice for managing properties, finding good tenants, and avoiding common pitfalls.

In fact, I don't think you should charge ANYONE because it was YOU who accepted that the switch is located in a common area. 

There are a couple of others less commonly used. 

New news for me. 

Rentals have remained pretty hot outside of common slower times around holidays.

Your question is a very common question, and I can appreciate your concern here.

In terms of maintenance, they are generally safer because you are not responsible for the exterior and common areas and potential leaks, etc.