It might make more sense to own the property and lease it out to an organization that does it and you could do a percentage lease rather than a flat monthly fee.It isn't for me but I'm more of a passive person.

I don’t plan to use the MIL for personal use. 

Question #3:  Standard lease terms.

I'm personally not a fan of 3/1s for MTR.

I personally haven't heard the best things about CA tenant laws.

The best deals, with real analysis, is done in person, or with a partner in the trenches.

I just got back from deployment about a month ago and have focused a lot of my spare time on catching up on personal matters and setting up my business.

Things we have considered:- Put a standard mortgage on them and rent them until the market improves..

The fee gets you listing maintenance, a professional person available around the clock to communicate with your guests and monthly/end of year reporting.

I have nothing against smokers personally, but do not want that smell to be imprinted on my property, long after they are gone.