Current market value: $2.5M Property In foreclosure since 2009, owner has managed to pay lawyers to keep extending the proceedings since his last payment in 2009.

How long is the extended term for?

If you look for more singles and doubles and occasionally are able to hit a home run, then, in my opinion, you will win a lot more games (have more success with investing).Shiloh keep in mind in the PHX market many investors cash flow did not drop 20% it dropped 100% and stayed that way for an  extended time.. now not predicting another 08 meltdown but it happened to many of my personal clients that I sold Multi to up here in PDX they also bought PHX  and lost their properties altogether.. in my mind doomsday you need some pretty good reserves... but I am uber cautious these days after living through that one and 2 before it..  

You could try to extend the current lease with your tenant before the vote happens. 

I guess my question is, do I keep the tenants, forgo the rehab for a while and collect the cash flow of around 225 a month and later on down the road decide weather or not to extend the lease and rehab then and find new tenants... 

Here is the brief project profile:STUDIO 6 PROJECT DETAILS:Building Type: Four Storey 63-Room Extended stay HotelProject Name: Studio 6 HotelProject Delivery Method: Turn-KeyDesign-Build Project by Kuvella Location: Bruderheim, AlbertaTypical Module: 12W x 60 LCompleted: December 2016

She eventually left without incident, one month lost rent.Now, if YOU file the eviction prior to her 30 days being up, she will have a cause of action against YOU for retaliation, and may be able to extend her occupancy for FREE!!!

If I am self made then my extended family can learn to do the same.

The only constraint is that I'd like to see this replicated more frequently so that more of my extended family can take advantage of it and receive benefit out of it (both on the investment front as well as on the home ownership front). 

Tenant had bad credit which he explained (540-570); I wanted to rent the apt for the winter so I wrote a 6 month lease and explained we could extend if all goes well (lease dates Dec 1 - Jun 1).