Sure they aren't anywhere near as good as LLCs for the purpose, but I do think they offer some protection.

@Devan Mcclish it's obvious you aren't familiar with Rick The Probate Guy.

If other people have signs out, chances are even if it's not legal, the authorities aren't enforcing it.  

@Tyson Luthy I like your idea as people like choices but if these aren't in your lease all that is required is that you rerent as soon as possible and you eat the lose of time. 

Garage conversions usually aren't a problem but if you're concerned, you should check with your local planning and zoning office.  

I do have comps of  the area and own a house 2 houses down from this property, so I know what the property is worth, but most properties aren't water font in the area nor are they this large so it's a little different. 

Most CA investors buying out-of-state are buying in markets they aren't familiar with because that's just how the markets play out as far as where is good to buy.

If someone is buying higher then I believe the rate would go up but we feel comfortable with the coverage especially given its 13 different buildings and outside of a tornado they aren't going to burn down at once.This is a rural area so expenses are lower than we're used to but this is based on the past 12 months and based on our research.  

CYA.. if you aren't constantly watching and analyzing how much better are you than a guess?!

If your posts aren’t getting votes, step up your game.