If this tenant is actually a friend, surely they'll understand your position and either pay the higher rent or find another place so you can get up to market rents.

You'll probably need two years of tax returns of paying taxes in USA to qualify. 

I joined bigger pockets a while back but had to focus on paying my way through school and passing a dual major in Chemical Engineering and Paper Science Engineering.

For me, I always have goals when I sit down each year and the fact is that it really takes me an extra 2-3x to get the those goals than I really thought.

That said, I know a few MHP operators that make some pretty tremendous money on the trailers, mostly by renting to people who need to pay in cash and have someone not ask a lot of questions - illegal/undocumented immigrants, transients, probably some criminals for sure, sometimes people (mostly women) hiding from domestic abusers, etc.

Here's what I got going on so farCreated my Company "Coastal Sunrises" which focuses on STR Management/co-hosting, and am in the building process right now for my systems and I'm essentially looking to build every one of them to scale with so I am okay with taking a hit to profits immediately if that means paying employees/va's while I'm not managing a ton of properties.

You may also find certain markets where alternative rent strategies (MTR, STR, rent by room, etc) produce enough extra income to justify the increased work involved but the difference in income from the different rent strategies in many markets is just sufficient to justify the increase in effort involved.$100k is going to be challenging in coastal CA cities.  

I've seen a lot of conflicting advice that cautions to avoid areas with high crime rates due to complications and extra costs from the tenant base and property crime.I understand that both cities have shown crime rate improvements, but their overall rates are still way above average.What makes these cities attractive for investment despite this?

For example, seller may have 4.5% debt and so current NOI is worth more to seller than a new buyer who has to pay 6.5% debt.Seller finance is a great tool too.My only caution is to NOT overpay for a property in exchange for seller finance at an attractive rate.Here is a hypothetical say market cap is 7.0%.New conventional debt is 6.5%.But seller will carry at 5%.With seller finance at 5%: What price does one pay?

I noticed on Zillow that asbestos was listed as a building material, but I didn't pay attention to it until my insurance agent mentioned it.