Moving foward: 1) Enter into month-to-month leases instead of yearly (term) - they are the SAME to YOU but month-to-month give you all the leverage should this occur again in the future. 2) You should add a clause to elaborate on and expand on the current 'Noise/Waste' clause and the new clause should focus mostly on nuiscance and violation of other Tenant's quiet enjoyment and the remedies (fines) leading up to eviction if the issue is not corrected. 3) You should add a clause to protect yourself from the other Tenants (the good Tenants) ensuring to clearly spell out that you are not resposible nor do you guarantee that other Tenants will abide by the lease nor is it your respobility to enforce the lease vs. other Tenants, nor do you guarantee safety. 4) This is the most imporant one that will fix most of your issues: Because you are adding #3, you will now add yet another clause that gives ALL Tenants the right to enforce the lease in regards to your new 'Noise/Waste clause 2'  against any other Tenant who violates it and will idemnify you and hold you harmless, ensure to limit the right to only the pertinent clauses ---- essentially, if Tenant A complains to you that Tenant B is making funny faces at them... you can inform and remind Tenant A (in writing) that if the issue is a problem they have the right to pursue legal action vs.

Also, the lenders mortgagee clause should be added to the certificate of insurance.

The added benefit is the equity you have now created in your personal residence that can avoid capital gains taxes if you live there for at least two years. 

I would assume since CA home prices seem to have such a large return, why not just invest in CA and wait it out?

I am looking for a stand-alone single floor/high ceiling 30k to 40k sqft building on 2.5 to 3 acres of land or 2.5 to 3 acres of land to purchase and build the structure I need.This would be for an event venue. I have...

@Vikram Singh@Nigam MehtaI did find a CPA in my local area who works with mostly RE investors but like the OP said, I don't have a large portfolio and I don't know if I can justify paying almost $10,000 a year.

He is as genuine as they come when it comes to adding value now where you can and reaping the rewards later.  

Not to mention the added CF to what you would experience now since the new property would be worth 50% more than the current one.

They are also taking 5 years to do 4 year degrees-not because they are working part time, but because they can't handle a full course load and that is adding a lot to their costs with an extra year of living expenses.

The added income is not needed to make the numbers work, but I was just thinking of ways to get more out of the property.