Quote from @Bruce Woodruff: Quote from @Jonathan Greene: Quote from @Bruce Woodruff: I think that this BP forum takes on that deal-killer function very well......at least it can if/when investors take the time to post their questions and concerns.It should, but because some (not all) investors are fragile about criticism or prefer an echo chamber, it often falls into a back-and-forth where we are trying to help on our own time, and they are rejecting it and calling us naysayers.

We are eight hours away from our property visiting family for Christmas and got a call that our rental has 3 feet of water in the basement.

It may not be required, but we are generally in a better place to absorb the loss than our tenants.

We are meeting there again this Wednesday.

The fact they ask you to do this is not only a red flag for obvious reasons, but also because, they should know better how risky this is for you and if they had true good intentions they would have understood that and not offer you that option.What you can do is tell them..

Wouldn’t call it a red flag. 

To protect our rights, we would definitely deliver a formal 5 day notice (Wisconsin Legal Blank), but at the same time indicate that we are looking to collaborate to find a solution.

Just an opinion but this is the scenario we are investing against.  

In fact we are working towards a 5 year extension on the existing lease.

In reality this strategy still works, but we are having to leave more of our own money in the deal because prices are high and/or rent won’t justify maxing the cash out refinance because interest rate is high.