And if so, what is the cost and prospect for collecting something, certainly not all, but something.My thinking is that if it shows up on their credit, it may hamper employment, car purchases, rental applications, education funding, etc and at some point they would need to pay me to go forward with some major life steps over the next 10 years.

You will need to know all the minute facts about real estate transactions to avoid litigation.Buyers or sellers may rely on your advice and guidance, but there is a potential for lawsuits if you make an error or omission like delaying or canceling a sale or failure to disclose a material fact.

It's going to reduce your potential renter pool and they're not going to pay top dollar so just keep that in mind.

A well-thought-out plan, acknowledging the potential for change and challenges is your blueprint to success.

(I never had any personal contact with the latter, but I am on their mailing list and get a regular list of potential investments to look through.

Most of them are looking at places like the Oregon Coast that has huge potential for STR cash flows.Texas is a hot market and priced much better than Vegas in more than a few markets.

Given that you have 3 rentals and potentially adding more, it would be wise to pay for both.

The daughter could be on deed for the other 25% as tenant in common.But what is most likely is that the lender will simply have her be a co-applicant on the loan but not have her take title to any of the property. 

There are many billionaires who are actively looking for opportunities to invest in and mentor entrepreneurs with great ideas, great concepts and or a solid business with growth potential.

Requiring an application before showing the property may deter potential tenants, particularly given the prevalence of scams in today's rental market.