@Pope LakeI saw T Swift alone at a bar once.

Professionally speaking this isn't a wait and see matter, you deal with it as swiftly as possible. 

Fingers crossed for a swift-ish resolution. 

Suppose that John drives a Lexus, listens to Taylor Swift while driving it, and buys a fancy home in a nice neighborhood. 

The rental game in these areas are to properly manage them swiftly and even being available weekly to handle problems. 

The third option is to ask your insurance broker to check the marshal and swift database for the cost of replacement of your building so you can use that value and between the 3 options you and your tax advisor can determine which is most beneficial for your particular scenario.It would suck to be responsible for deprec. recap. if you never took any benefit =(.

@Emily McCabeYou need to pay an eviction specialist or an eviction attorney $300.00-$500.00 and move swiftly.  

Once the property is off their hands and into mine, I act swiftly to get everything in line and either save the tenancies or encourage undesirable tenants to move.

If you have a court judgement, it will be easier for the collection agency to recoup some of the money for you.Best practice is to screen potential tenants well, secure a sufficient security deposit at the beginning of the tenancy, do regular property inspections (at least twice a year, quarterly for some properties), charge for damages as they occur, and enforce the terms of the rental agreement swiftly and fairly.

Upon realizing this, he decided to wait until the bad thing did happen, and experience the pain only once.Prepare and act swiftly, but fairly if they violate the lease, but do not live out the worst tenant in your head until you actually have the worst tenant.Cheers,Tim