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?  

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.

The doctor found out that I was going to visit those 10 to speak in person with the borrowers and try to decide on the best course of action.  

Put an enclosure around it, heat it when necessary and  call it an indoor pool.My next personal house is just going to have a smaller pool like one of these.

If we name someone other than our daughters as executors, that person cannot make a deal with you as the authority to sell the property passed to our daughters, the trustees, as the property is now in their hands.

In my mind it seems like it would be hard to coordinate furniture and appliance delivery as it may require a special vehicle and/or extra manpower to take something up 70+ stairs.