That way, if the borrower(s) default they simply take the property back and hire a team of professionals to step in and replace the failed investor so the asset continues to churn out cash flow. 

I like the 70% rule but sometimes it's simply not possible.

https://theshorttermshop.com/c...As for STR Property managers, they’re simply schedulers.

I've been wary of this group in the past simply because some of their offerings have seemed too good to be true.

I consider the 3% long term property appreciation to simply be a hedge against inflation and that's all. 

You could just pay the tax but I'm thinking tax for a CA resident on a $200K gain isn't going to be fun for you.You could also simply buy multiple replacements to get to that $975 mark

In most cases, I would simply make an offer, a hard anchor, and try to negotiate up to a mutually agreeable number.

The note is now outside the exchange and you simply make payments to them. 

I would simply add a pet deposit into the lease.

Not so much that you are better off it's that TTax simply can't figure it out unless you split the property into 100% rental versus partial rental in order to properly account for the personal use time.