If the tenant has a reasonable explanation and a solid plan on how to recover we will work with them.You are asking the right question: how are you planning to pay double rent next month?

Whether your statements are true or false, whether we have evidence to support or deny a claim, it will never be something blasted on the internet.

That kind of shoot-from-the-hip approach can be fun for a minute, but it usually ends up like my old buddy Rick’s first deal.. he bought a distressed fourplex in Tucson years back without a real plan, and while he eventually turned it into a solid monthly cash flow, he spent the first six months sleeping with one eye on the tenant ledger, praying the HVAC wouldn’t bail on him after a hot desert day.

Unless you have cash backing of your own to buy and a solid commercial buyer's list, these deals are unlikely to close.It doesn’t matter if I agree or disagree with the answer the responding poster provides.  

I also converted a trust deed that was current (not defaulted), and I converted syndication investments that were solid. 

Hi Frank, sounds like you’ve built a solid foundation and have exciting plans ahead - If you're planning to scale, you might also want to explore hard money loans or DSCR loans alongside private lending.

Seem like solid markets for the years ahead.

. :)  IIf you're young in the area that you're in doesn't have much multi family then I can definitely be a solid type of investment strategy for that type of person in that situation.

From what I heard from the investors I have here who are also active in OC, companies like OC Pro Property Management or TrueDoor Property Management have solid reputations.

That is not a benefit for you, nor any kind of evidence that they are worthy of becoming a resident.That issue aside, I would not allow someone with a recent eviction on my property unless the "unfortunate circumstance" was unlikely to recur AND they otherwise have a strong historical track record of making payments AND they would put down a very large security deposit.