I'm looking at a long term appreciation, and in the interim serve as a second home / STR or even LTR.

If you care about this societal issue you will be better served doing whatever that activity that is outside of your capacity as a landlord.

It looks like they are sending out refund contracts kind of on a first-come, first-serve basis, with some levels of priority because there are so many investors in these deals, which is why I'm posting this to get moving on this ASAP given the number of investors who are jumping in for refunds.I do not recommend you stay in this deal because they will be raising prices.

In all honesty, unless you or someone on your team has extensive knowledge and experience in credit, mortgage finance, secondary markets, and portfolio management, your company is probably better served by building a deep and meaningful partnership with a small local lender to handle this for you - or maybe even buy such a lender with infrastructure in place as a turnkey solution.

Perhaps this is an extreme case to use as an example but I am using this to illustrate a point which is this neighborhood like many others in the country would be well served by finding the correct balance between zoning laws and ease of doing business.

So far, I assume I was unlucky.Beside that the management team is fine.I am with you.. there are other providers i am sure they will serve you better. 

The small group would only serve to enrich that! 

File and serve ASAP (hire a process server to file your paperwork over the counter and take it directly from the court to the tenant that same day).First, Nick is likely correct that the tenant is not paying because they have no money to pay.

This valuation will serve as the foundation for discussing buyout terms or the equitable division of assets between you and your partner.

If that doesn't work, you need to serve them a 3 day notice to quit.