I have a partner (childhood-friend, non-veteran) who would split with me the down payment in excess of the entitlement ($649K for San Diego) and any renovation costs. 

Since your lease requires the (business) tenant carry a commercial general liability  insurance policy , and that it names you as an additional insured on a primary and non contributory basis, you tender the suit to your insurance policy and that of your tenant.

Hi All,Been a landlord for a few years in CT, but am curious as to what others are doing concerning 2 items:1) Insurance for non-owner-occupied Multi-Family properties.I recently switched a 2-family that I used to partly owner-occupy to a Landlord policy, since it is now fully rented.It's in a great area, in awesome condition, updated plumbing/electrical/safety, etc. 

BP Members,Unfortunately have had a bit of a rough patch with 2 separate tenants and I am preparing for suing for non-payment.A peterborough tenant has already been evicted but I cant find their new address in order to sue.

If you wait until the end of May and the non-paying tenant doesn't move out, you'll just be that much further behind.Also, it sounds like each tenant is responsible for paying just their share of rent. 

While your proposal may work with non-qualified funds it will not work with qualified funds.

Looks like this is a just a matter of keeping it simple and unloading a non-performer.  

Does pursuing the non-performing note ever pan out by securing a collateral interest in the property? 

I think that if you're repeatedly fined and found in non-compliance, you could end up in court so you need to make sure that your property manager is handling that stuff (and letting you know when its occurring).I have a clause in all my rental agreements that says if I get fined for something the tenant did (like loading up the tree lawn with garbage) - the fine gets passed to the tenant. 

I am non USA citizen and want to know if I open an LLC, can I use my LLC name in the assignment of contract instead of my own name or I still need to use my name?