Would love to learn how the rest of your SB-9 process went.  

You'll give him six months probation period but expect a notice to vacate if he's late again and offer a new lease if he fixes his ways.

Now most people in CA do not feel $100K is a lot but to the rest of the US its a big chink of change. 

I know the deferment period for capital gains is almost up, but what are the pros and Cons of an OZF vs a traditional 1031?

They will probably stick to that for a short period and then go delinquent again, but it's much easier to deal with if they violate a payment plan in most cases and at least you get some of your money back.They might be a professional tenant.

And, I think you can rest assured that somewhere among your acquaintances is someone who has noticed what you've been doing and has been inspired to take action.

I look forward to reading the rest of your updates on here for the community.  

Even if I have a claim every 10 years I will have saved $80k over that time period compared to the people who pay for better insurance.

The power of leverage will make you very wealthy in a much shorter time period with RE.

Use strategic financing options like DSCR loans or interest-only periods to improve cash flow.