I bet you will lose more money by forfeiting your earnest money than you would in negative cash flow. 

Failure to give the statutory minimum 15 days notice he would forfeit his deposit. 

If you accept a partial payment, you often forfeit the opportunity to file for eviction that month.

Buyer partner dropped the contract last minute, potentially forfeiting some non refundable deposit.

You can even tell other apartment companies that are calling you about the situation what is going on and that if he fails to pay rent you will be evicting them.Or you could tell the tenant if he wants to move out that he can forfeit his deposit + 1 months rent and then you can start to market the unit and fix the roach issue yourself.

The thing that gets me about looking for a cheaper investment property is that I’d be forfeiting all the first time buyer programs for a small investment.

I've found if its a relocation/loss of job type thing, then it's best to just let them go under the stipulation that they agree to forfeit security and leave the unit in immaculate condition. 

Then you can direct up to 80% of these funds to a new LLC which you can be the managing member of and partner with the DST Trust to purchase CRE all tax-deferred with a new depreciation schedule at any time.Since the deferred sales trust is an exit plan and you are buying a new property the LLC receives a new depreciation schedule vs a 1031 where the depreciation schedule travels with the exchange.The downside to the deferred sales trust is the stepped-up basis is forfeited vs a 1031 where when you die your heirs get the stepped-up basis.The upside is you can buy CRE whenever you want to with no timing restrictions and with other CRE syndication groups if you want to be more passive.

I've just starting investing and was able to get a great deal on a piece of vacant tax forfeited land in Minnesota.

However, if tenant does not move in for anyreason, other than Landlord’s decision not to rent the apartment, this holding deposit shallbe forever forfeited and shall not be refunded.