Sure, the upside isn't as big as the potential of an NPN, but I sure do like the consistency. 

Fortunately, I have a natural tendency to do the right thing and in a timely manner so his complaints to have "safety" issues addressed are not too much of an inconvenience for me (although the renter himself is an annoyance). 

The other 20% could be looked at as more of an equity partnership, where my parents take 50% of the appreciation when we refinance??  

She was paying the rent so we did not care when she moved in.

Always happy and partner with other investors so free to PM me.Regarding the deal you mentioned, I would be really careful about the tenant and neighborhood quality.

The 1% rule really doesn't apply here in California as we're more of an appreciation-based state.If you're willing to wait to see the returns until you sell, we've probably still got several years of solid appreciation in Sacramento / Stockton areas because of all the Bay Area migration into the Central Valley.

Sometimes better to own half of a great deal than all of an average deal.

Would love to connect with folks who know and care about the area.

There are NO certifications required of an animal at all,  the only verification you can do apparently is to the tenant's need, from the provider who cares for the tenant.  

That will be notice of defaults and trustee sales (preforeclosures), ugly houses, out of state owners who don't care anymore, etc.