We set the tenants up on an automatic filter delivering service through a great company called Second Nature!

The treasury, legislature and courts have been silent on treatment.If we concede virtual currency is indeed property, the tax treatment heavily depends on how it is used in the hands of a taxpayer.Generally, the gains and losses will be capital in nature for most people who "invest" in virtual currency.There is the potential that the income could, however, be ordinary income subject to SE taxes. 

DeedA written instrument, which has been signed and delivered, by which one individual, the grantor, conveys title to real property to another individual, the grantee; a conveyance of land, tenements, or hereditaments, from one individual to another.Quitclaim DeedAn instrument of conveyance of real property that passes any title, claim, or interest that the grantor has in the premises but does not make any representations as to the validity of such title.Warranty DeedAn instrument that transfers real property from one person to another and in which the grantor promises that title is good and clear of any claims.Special Warranty DeedA written instrument that conveys real property in which the grantor (original owner) only covenants to warrant and defend the title against claims and demands by him or her and all persons claiming by, through, and under him or her.I believe a Quit Clam Deed, Warranty Deed and Special Warranty Deed are all "deeds", the only difference is the nature and extent of warranty the Grantor gives to the Grantee.

There are plenty of lists that boast “the top 10 cities for rental real estate” or something of that nature.

Would you rather be home based in the Bay Area with tons of things to do nearby, good weather, lots of nature, etc. or someplace with little culture, extreme temperatures, bland immediate environment, etc., etc.

Mainly due to aloe of power and natural gas use age in the winter months.But I’ve had issues with paid utilities before and that will probably be a deal breaker if I can’t drop the leases and resign with them paying utilities.Also note: the rental rates I’m going to change the lease to; is very good for my area and not at all unreasonable.

@Ben Pasculano, how about any triplex or quads similar in nature to your with 2 bedroom units?

There are some legal risks no matter which way you turn, its the nature of these smaller deals where one person is carrying the paper for others. 

The conditions and nature of the property are now in question - as you think - what else are they hiding or overlooking.

Naturally, that is not investing.