What is your remedy in the event of a seller default?

If you want to keep buying rentals, it helps to have a cash "event" periodically like flips/wholesales to capture equity and generate usable cash. 

Vegas could be a smart move based on historical trends during downturns, but just make sure you have a Plan B/C in the event the downturn doesn't happen as quickly as you expect or you have to come back to the Bay Area for family or some other emergency.

In the end, those are the applicant's records and Avil holds a copy of them so the potential tenant can use this same documents to apply on another listing within Avail in the event I chose a different applicant. 

The tenant was new to the country, his brother a long time US resident ultimately signed agreeing to pay in the event of rent default.Well, with coronavirus the tenant claims he's out of work and can't pay rent. 

This is where a financial planner and investment advisor truly shine.

The tenant estoppel will verify existing agreements an will protect you in the event the tenant doesn't want to abide by the existing agreement.Inherited tenants can be tricky as they have been living at the property longer than you have owned it.

Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings 6.

Some tenants will negotiate a lease cancellation clause up front to limit their expenses if something were to go wrong and they were to buy out their lease.If there is nothing in the lease that states how the lease is to be paid in the event of a cancellation, then it's up to the landlord and the tenant to negotiate how much the tenant should pay for the landlord to remove the lease obligation.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.