I also prefer closing in person but it's getting rare.

@Olu Efunwoye I personally wouldn't pay for this, $40k for a coach? 

Hey Byron,So the advantage of doing Refi compared to a HELOC is that the heloc is personally backed to some degree while a DSCR refi is backed by the (hopefully) cash-flowing asset.

was thinking of letting them know I leg rent more than a certain amount here in California unless that person decided to move out and one of their other not on the contract tenants signed a new lease at the higher rate?  

However, nothing tops in-person connection.

You can close in an LLC if that's a concern, and many times the debt isn't reported to personal credit.

As I've been learning, there are the key taxes to understand when investing into a new area or state:- State business income tax (if you have an LLC)- State personal income tax (if they want to tax you too, even as an out-of-state investor)- City personal or business income taxes- Any registration fees due the city/state- City/state property taxesAnd I'm sure more!

You can always pick those up after the lease ends via a judgement in court - you will have the same odds of collecting unpaid rent (close to 0).Sometimes we take it personally when folks do stuff like pay late every month - landlords live longer when we learn to not take things personally.

You may or may not have a personal guarantee, but probably will.  

Personally I’d have them start saving up and get traditional financing and pay you off.