Feel free to reach out!

I feel like this platform is a great place to network and I would love to get different perspectives, find potential lenders, and even build a team. 

It looks like you're on target with the bullet points you provided here.I do this type of deal all the time, feel free to connect with me to discuss more (preferably tag me back in a reply here so I can provide value to everyone with public replies).You can catch up the arrears, make monthly payments, and either LTR, STR, or wrap-sale it to yet another end buyer for a markup!

But the skeptic in me says this is almost the first time (that I can recall) a liberal state and cities (LA, SF etc) would revert to a conservative economic approach (supply side economics) to fix a problem vs a rent control or government controlled type solution.If this is the case and they really ARE allowing an increase in supply to help drive down over all cost vs attempting to impose government oversight I would sell everything and leave SoCal.

Feel free to DM me for more info. 

On the other hand, a retired woman living on her own with three cats may be higher risk.If you want to be safe, set a policy of inspecting every four months until you have a better feel for it.

It's easy to install, and it feels solid under your feet.

I understand the odds of collecting are very low, but once in a while, it seems like a tenant will pay if they need a house loan.If you also know a good collection agent, pls feel free to PM me.

Having said that, I feel this will catch on, just because the need is so vast.

If you feel like you need permission to enforce your lease, then consider it granted.