Is their current portfolio distressed, or was the majority of their current portfolio purchased at the peak of the market, indicating that they might be in distress in the near future. 

This is what the majority of investors are doing. 

We buy houses in major markets in the states of TN, TX, OK and AR.

The major point to that statement is anything else but cash in your hand is speculation.

As a Canadian, most of what you say regarding BC and Ontario is true due to Vancouver and Toronto being the major cities in Canada, but your immigration numbers and link to housing shortage is a bit of political rhetoric.

Some reasonable- a roof and ceiling repair from a major leak... some not so reasonable (they literally made me escrow the cost to add a deadbolt to a door).

Whereas the majority of the existing clients have stayed with you, but the whale client is with the ex-partner leads me to believe that if this heads to any type of judicial setting that no damages would be awarded.

If so, that would remove one major and valid objection to letting unsupervised strangers into houses.In my own business, an applicant can apply for an apartment before touring it.

Unless those items are all satisfied (except for housing violations and some non-monetary liens which follow the property), the department of finance will not allow the deed to pass through to the next stop in the recording process.So even if you wanted to dump a property that was totally upside down with liens to someone who was willing to take it from you, you can't do it.

Most of our MTR properties are located in Indianapolis, and the majority of our tenants are traveling healthcare professionals.