The punishment for nonpayment is eviction.My tenants and I both sign the lease.

I recommend that you complete that form (if you haven't already) so the contractor is flagged for unlawful activity.

Definitely don't want to punish people who are cancelling more than a month out, but anything in between is going to cut into your bottom line.

What is more important to understand is that wholesaling in real estate is illegal in most states; it is the unlawful practice of real estate.

I am proud to announce that IPRA along with several housing providers has formally filed a lawsuit against Governor Eric Holcomb and the State of Indiana for the unlawful Eviction Moratoriums.

This is a potentially frightening trend that you don't want to think about too much or you will sell your rental properties and move to where laws are enforced and law breakers are punished.

So obviously, fixing and flipping it out for me (unless my spouse has some interior decorating skill I have yet to see in 20+ years), and being a landlord is in the same category of punishment as a root canal.

The hard & fast 7% and the 52 month look-back are gone, but many places are still trying to keep their % of rental/2nd homes in the single digits (with smaller average loan amounts and more person-hours to process/underwrite, they were never the most profitable niche for banks anyways, and the precedent has been set by FHFA that you as an individual bank can be punished after the fact and without advance notice if you do too many of them).

Choosing to make less in some alternative-universe way of 'punishing' the spouse by denying 1/5th of what more you could make seems ... to not be in the best interest of anyone in the equation.   

In truth and reality the only thing stopping anyone from doing any heinous criminal act at any given moment, is themselves. laws are for accountability, there is the fear of accountability and punishment although it is always a choice.