Also, I've worked as a project manager on 2 flips in N Tacoma and am in the process of getting my real estate license back after being silly and letting it lapse 😬.

Unfortunately, our decision was just overruled as it's a condo and the Board just let the FHA approval lapse Mar 31, so while we would rather just sell it quickly, take the profit and forget about it as it would be our only rental in MD and we'd rather not keep one here, our best option is to rent now as the alternative seems to be much lower offers from a cash buyer or hoping for luck for someone who can get a conventional loan, which our lender says is highly unlikely as most conventional lenders still want to see FHA approval.  

The properties are already mortgaged up to the point where there is no equity available to cash-out with a refinance.All 5 properties are currently rented, but you know it is only a matter of time before a tenant stops paying, or catches the kitchen on fire without renters insurance (that they let lapse), or any of a million other probable issues.Is defaulting and continuing to collect rents until the banks foreclose a viable option? 

The claim was rather small, but now they're looking for every excuse to discontinue coverage on our rentals.For the one, I'm letting the coverage lapse.

Little did I realize in the contract, they stuck in a clause that entitled them to a rental commission even if I found my own tenant within the 180 days.Fortunately, the tenant is moving to his recently deceased father in law's house, taking his time, and by the time he moved out, the 180 days lapsed.

We have a tenant that had a lapse in lease, didn't sign the newly offered lease, so sent him notice to quit after avoiding our communication attempts.  

on how to do visioning is Ari Weinzweig, founder of the Zingermans group of companies ($50m+ in annual revenue).His book " A Lapsed Anarchist's Approach to Building a Great Business" is a must read for anyone thinking about how to create a compelling vision of the future for their business (or life for that matter)

Also you get license lapse notices from your state commission on agents, not completing their continuing education requirements, not paying their dues to the state commission, etc..

Since you found a new tenant without a lapse in revenue, there are no damages.You can deduct expenses you incur to re-rent the apartment, like advertising costs, if any.

Sometimes you just don't want to draw their attention, so that the redemption period just lapses; the redemption period of 120 days starts with public recording (usually, that would be the new deed).