All information from podcasts, books, seminars, and websites is general knowledge.

Lastly, if he ends up failing to pay rent and is one month behind on rent, do I make him pay both months together as one payment or accept 2 different payments (one for each month)?

If you're not accredited, then I would say the rare syndication that accepts non-accredited investors, or something like FundRise or Crowdstreet or other crowdfunding platform, would be how you get that "riskier" side of the barbell to weigh more.And thanks for your feedback on FundRise, Crowdstreet, Farmtogether, and Groundfloor.

What people will accept and even desire in FL can and will be wildly different from those in other areas of the nation. 

Quote from @Ehrich Roberts: G’Day,Grateful for any advice in relation to mortgage options in British Columbia where liquid capital in combination with rental income would be accepted towards qualifying for a mortgage. 

Usually, they just want that and will stop, but there are always some outliers and sometimes it is our fault and our job is to respond and correct and accept the review.Your second point is fair too.

These risks can happen to anybody no matter the type of investment they make like your investment house can blow up and insurance doesn't accept your claim, you could get hit by a bus, and boom no money, and so on. 

Obviously this is California spec building and not the traditional RE stuff I come to this website to read about :)I should not have said same as main house.

QR code in the property —> page on your website.

Previously we accepted clients who were not a fit.