to Revolution Laundromat ... hey, it's a cash business (like car washes), this happens!

I could almost guarantee that every single day when I would log in to my management portal, I would see a new expense, automatically approved on the ledger.

But also, these tenants might inhibit your ability to push rents on the other units, since tenant junk on balconies, or broken down cars in parking lots, etc just paint a bad vibe for the whole property.If it is a "marginal" tenant, I would give them an aggressive increase.  

I pass by this house everyday and I know there was someone living there by the car parked outside.

The unit is in an “A” location but we don’t love the layout and it is on a very small lot with a minimal yard and one car garage. 

I had not heard that HELOCs would automatically convert so that would be new news. 

@Bryan Galaz the purpose of a HELOC is to use that money to invest, but you must be disciplined with putting the money back and not spending it on a vacation or expensive car. 

You can even sync it with AirBnB and VRBO so it automatically assign them.

Whether it is loud music at night, or "Hey, our car broke down and we won't have all the money this month to pay the rent" - how you handle those situations.  

Sell, pocket $200k in equity, appreciation since they bought it, bank 25% for a new deposit in a year once they repair credit, buy two new second hand cars because they need them, pay off credit card debt, put a little extra to the side for increased rent payments for next 12 months, and reorganize to buy in 12-18 months... now they see the light, a chance to move forward, to not stress, and they're lucky the market increased so much... but if they struggle to keep it, struggle to make payments, then 10 months realize they need to sell, would they have as much equity, maybe, maybe not..