I have a MTR near Cleveland Clinic and University Hospitals, and I found it was a bit tougher than I expected to secure tenants.

Was is secured by the property? 

Heard the owner was interested in selling so I proactively reached out and secured the sale How did you finance this deal?

But IF the property in question is in compliance with all code, and provides a safe and secure environment, all problems are timely addressed and corrected, and the property is maintained on a professional level, then the investor who has a large capital investment in the property should be entitled to enforce any contracts providing him with the agreed to cash flow. 

If you want another layer of protection get an umbrella policy.You don't want to trigger the due on sale clause for a likely low interest mortgage.Also if you aren't operating your LLC 100% you likely only have a false sense of security. 

I personally collect a security deposit and get the damage protection waiver for added protection.

Hi All,I recently secured my second rental property using a HELOC and now I'm thinking about my next purchase.

I was thinking about trying it to maybe boost bookings for our Wisconsin property. 

Extensions may be granted for valid reasons, like needing more time to secure financing or complete due diligence.

not to mention also they become zombie notes collateral will deteriorate pretty quickly if they are not winterized and secured ( which takes time and money)