In addition CA requires either a RE brokers license  a MLO license with NMLS registration or a consumer finance license..

Additional insight on other trends in the area are also greatly appreciated.

Sometimes they make you put a deposit with the bank for additional sanity. 

If its determined title was not legally conveyed to Shashi the carrier will be inclined to pay out  the insurance premium rather than incur additional litigation expenses.

For most Americans this is an extremely over-leveraged position.However, investors typically find themselves in leveraged positions, and $150 per month in additional cash flow could make more sense, especially if the property is treated as an asset that is actually generating income.

It’s less about liability and more about who gets paid if there’s a claim.If the property and mortgage are fully under the LLC — meaning the LLC holds title and pays the note — then yes, ideally the LLC alone should be the named insured, and you can just be listed as a member or additional insured instead.

From there, you can add an additional 10–15% contingency on top.

I have zoning approved 21unit project consisting of 12-unit conversion in existing school buildings and 9 new construction addition where I am contemplating a pivot 8 renovated units and a ground level and yard restaurant/beer garden concept if I can secure a liquor license.

So, I do agree with hedging your bets and serving a notice to pay or quit.The issue with them not paying rent and you using the security deposit is that they have zero incentive to clean the unit and if they damage it, you have no additional funds.If it were me, I'd serve them an eviction notice and then mark them as owing on a credit reporting site(I use Front Lobby).

Got burnt years ago, in a disclaim not disclose deal, so not much I could do except get my home inspection fee back and eat an additional 10k in renovation which is probably 2xs that in todays dollars.