As I mentioned in the first post, I do have quite a few other folks that are interested and am looking for the one that I think will be a good tenant so that I won't have any safety concerns for myself or the other house on the property.

I think I subconsciously like having that safety net, just as a back up in case I need it. 

Ultimately, I want to make this easy for the owners to sell and prioritize the relationship with them.

I currently have about a 40% Leverage and intend on move it to ZERO in 5 years.If there is a time to run to safety, now is a great time to do it.Why?

If you know her well enough to know she will probably default on payments, don't jeopardize your own safety.  

You can ask the city to have a cop meet you there for a "safety check".

.~$75k is peanuts for building a (financial independence) real estate portfolio and probably only covers 1-2 years of living expenses without the real estate.You're on the right track when it comes to looking to invest in real estate, but I would not risk the safety net that is a college degree.

I like to think about my old neighborhood in Palo Alto  2 to 3 million dollar 1500 sq ft 60 year old ranchers with a 10 year old Honda Accord in the driveway you prioritize.    

As a landlord you should take logical steps to prevent problems, but you never can ensure safety and security; after all, the neighbor could always kick in the door or smash the window.

A reasonably sufficient amount here is also a safety margin.4) What I can pay for the property initially. 1 - (2+3) = 4Has worked without fail for over 20 years for me