I’m not an expert of the area by any means however I looked at several properties in the area and the two big takeaways for me we’re 1. the rents-to-purchase ratio are fairly low and 2. you’ll likely be dealing with large, older families.

That is a red flag for me.  

My jurisdiction has us sign a declaration stating we understand the risks associated with acting as Owner Builder:https://www.sandiego.gov/sites/default/files/legacy/development-services/pdf/industry/forms/ds3042.pdf

Situation:LLC formed with 3 partners, with one of the partners self managing the rentals.

It's a good location but the numbers are not going to work for me, if I have to replace the roof in a few years.

But I knew in the back of my mind that if her plans didn't work out, there could end up being some substantial risk for me if interest rates popped.

Thanks for the Info, for me unfortationally  all my properties are located in the largest county Jefferson County and they love to put out of state big investor companies so they can put the extra money in their account and if you get behind on the propert taxes 1 year they require that you pay the overbid interest amount AND THE NEXT PROPERTY TAX BILL TO REDEEM,That's a big hard ship on the common resident to come up with 2 years of property taxes and Over Bid plus 12% interest dailyBlessings to All

His issue filters to me in the form of late payments for 2 months, then he catches up. 

@James Dutcher  I haven't worked with that company so can't comment, but for me, friends and family are the only private lenders I work with. 

The lease had already expired last month, and they have not signed a lease renewal form that I sent them 30 days before lease expiration.