If they are just acting as a lockbox on your first lien payments, which is what you I think you are describing, then I do not see the need for the paper shenanigans of "pretending to loan $282,000" (as you could just do a separate lockbox agreement with them) but I also see no harm in it.  

When a major issue occurs, will the limited partner hear about it or will it be covered up?

My insurance rep tells me if a tragedy to my property would occur and that if the property didn't appraise 90% of what it is insured at any payout would be pro rated.

Believe me we are good people we never wish to harm anyone but on this case what should I do as a renter., we don't have renters Insurrance?

However, because my situation seems, to me, somewhat unique, and unexpected changes have occurred between 2018 and 2020, I just wanted to hear expert recommendations... and inquire about any tax advantages/disadvantages I may not be considering.Note: I DO plan on connecting with a CPA tomorrow, but any and all perspectives are welcomed and appreciated.

You never want to be the top of market rents when you are analyzing, so if a market correction occurs, you still should be able to get the rents you want. 

And as far as people close to me I can't say, but there's no harm in checking right?

I'm having trouble combining the effects of inflation that has already occurred vs what your anticipation for the future is.Thanks in advance!

And will be very bullish if a correction occur in LV.That is my strategy and plan, simple and clear.I do time the market, whether it’s right or wrong, we will know 5 years from now.

Thankfully that hasn't occurred, but my question is:For those that do applications through Cozy, what other information do you collect to help protect yourself and hold tenant accountable if they stop paying rent and you need to send info to credit bureaus or file eviction?