If the property is subject to Los Angeles Rent Control, you can't do STR under any circumstances. 2.

Is it a good idea to evict this tenant when these are my circumstances? 

This threshold will vary by investor and circumstances, but it’s a threshold everyone should define and prepare for.

THE QUESTION: Under what circumstances would the personal guarantee be acted on by the lender, and how would that look for each individual if, say, there were 5 partners and each had 20% ownership?

But back to your point I can totally understand why some people feel like they'd be encroached on under these circumstances.

Watch American Greed episode on Remington financial and indgrid Robinson. different circumstances but kind of same fact pattern..

Specifically, I'm looking to attract investors and wonder if the mentioned 10% return should be considered a good deal in most circumstances?

A careful present value of the two strategies would need to be made based upon a specific investor's circumstances, goals and objectives to determine which would be best for them.  

Depending on your circumstances you maybe able to write off depreciation and other expenses against your active income saving you thousands if not 10s of thousands on your taxes.

But they aren't right in every circumstance, and you may want to keep 1031s in your back pocket unless you have a well-thought out justification for going through the hassle of listing, selling, paying closing costs, searching for a new property under 1031 time constraints, and then buying two new properties.