What was your vision back then, and how far have you come since?

If you did not and it’s unsecured debt you could be out of luck on some or all of the money as depending on his situation unsecured creditors in a bk may receive pennies on the dollar depending on what he can afford and if converted to a ch 7 you would get wiped out.Even in 2nd position he could argue the property is underwater and wipe out your lien.

Hey @Ricardo Polanco - inspectors, whether it's announced or unannounced, should not be forcing their way into your property. 

You seem like a seasoned investor, but many folks hold the properties all in their own name and while you can do an LLC transfer, being able to "wipe" your portfolio and start a new as a smarter investor then when you started is really nice if you can do it in a tax efficient way 

As an out of state operator, I like having the added protection of the waivers but using one or the other or both is really up to your comfort level.

REITs are easy to get into and highly liquid - log in to your brokerage account and buy a share - but you have zero control whatsoever.so...  

We own a SFH long-term rental.

They provide free estimates and work with your accountant.

You have come to the right place to begin your investing journey.Have you looked into attending local meetings and joining Facebook groups?

Thank youGerman It is the CA Franchise Tax Board's position that an out of state LLC owning an out of state property run by a California resident would still need to register in California:https://www.ftb.ca.gov/forms/m...