And, since interest rates are headed up, the idea of tying up funds for 5 years at this rate might not appeal to many PLs.My experience is that many PLs will ask for a personal guarantee.

It's a little more "phones on" than hiring a property manager but its guaranteed to get the job done right. 

2.75% is great because you're basically guaranteed to make money on what I like to call Real Estate Arbitrage. 

You have guaranteed me many sleepless nights considering and learning about all my options and different ways of looking at my situation.

Say you lose a property to a foreclosure with a personal guarantee on the note and the lender takes a deficiency judgment,  your other properties are now subject to foreclosure to satisfy the deficiency since they are held in your name. 

(I know some people have bought the property via LLC and personally guaranteed it, in that case, LLC owns the house, the exact thing you want.

Property 2 - dollar stores will move every time so don't buy it unless you are guaranteed they will renew.Property 3 - Tesla really?

I can almost guarantee you’re paying way above fair market value.

I like the guaranteed rent part.

Reject this applicant and hold out for a reliable qualified tenant.A guarantor is no guarantee that you will be able to collect.