I suspect your tenants will refuse and you will be forced to take them to small claims court to collect.For now pay the fines and go after the tenants.

I suspect this is not be what you had intended, but it is the way the situation has been received by the investors on this thread.Given the feedback, you can take this as constructive criticism that "perhaps I can advertise this deal/situation in a way that address and alleviates the obvious concerns of potential buyers".

Pref of 7 or 8% then split cash flow 50/50 is customary in this type of thing.I am going to take a WAG and suspect this is a SFR or very small deal.. if this were a larger multi extra our OP would be a little more experienced and not asking these questions..

I suspect most of the BP crowd has that covered.

I suspect it’s pretty low.

I suspect if you actually moved in for a time and then found a need to sub lease you could do that.but if its a scheme your working .. then yes it sure sounds like licensed activity as you need a license to lease or offer to lease property to others that you don't own.that's the reason you have Property management companies and the reason they are licensed..

There are only 2 conditions where this is true discounting very short term 1) the investor for some reason is seeking a lower return than they would have achieved by investing in Ca 2) the duration that was being evaluated started in a small window (I suspect the window is less than 4 years) around 2008.  

The existing bathroom tile is half torn up (I suspect they had a hose burst on the washer machine and it soaked into the subfloor and popped the tiles.)No finished flooring in closet (subfloor exposed)Handle is missing on shower valve.

David - yes, I suspect that agrihoods will continue to fill an interesting real estate niche as there are a lot of very interesting development opportunities that cater to a wide variety of potential customer segments from tiny home enthusiasts all the way to more retirement-age types.

But for most of us mere mortals, a $50k or $150k loss on a property would wreck our finances (if not ruin our lives completely), so we pay a relatively small percentage of that to pass that risk on to an insurance company.I suspect the reason your neurosurgeon friends don't carry insurance is they can afford not to.