Currently they are a tenant and falling behind on payment so you can use that as your reason, and you can start the eviction process. however you need to check state laws when it comes to applications for rent, because you can not discriminate against child support, it is considered legal income. this is from NJ site, but other states do follow this.http://www.nj.gov/lps/dcr/housing.html so be careful on who you turn away, make sure you set up a criteria as Account Closed mentions.

However the fiscal stimulus being discussed right now ($1000 to each person, etc), now that one has a real punch in terms of stimulating the economy.  

Not sure how that is supposed to immediately stimulate the economy but that is what I've read. 

Back then, unscrupulous lenders stimulated housing demand artificially by making lending unrealistically over-available leading to rise in home prices well beyond their actual value. 

I.e. if there is $1mm of net loss in that year, the syndicator can take $300,000 of that loss, leaving you and the other LPs to split the remaining 70% prorata based on equity invested.  

Some economists estimate we are some 5 million housing units behind the demand.Home building recovery is just now gaining momentum, but is not expected to catch up to demand until something happens to dampen demand in a major way.So, you need to examine housing valuation to see what is driving it: supply vs. demand or is demand being stimulated artificially by availability of lending like it was in the run up to the crash.Hope this helps ...

San Diego is still seeing an all-time low in inventory (Supply), and interest rates are still at an all-time low (Stimulating Demand). 

Love this good conversation stimulating post.

End of the day they had about 200 LP 's and when one would have trouble they lent out of one of the good ones reserve accounts and this created a cascading effect that ultimately took the whole company down.. its a slippery slope when you rob peter to pay paul. 

It generally includes all LP reporting services, cash receipt and distribution services for LPs and often even includes GP accounting.