You can't push off a sewer repair when the thing caves in.You have to have the money to fix it right then and there.

I'm not saying people should run into caves and buy canned goods.  

It's one thing to know that you need to be more conservative than what pro forma figures suggest, but to then ask you to cave in and accept that you'll never get better than a 4.8 cap, because that's what you'll be paying, is something else!

Then goes to this awesome Man-cave.

They are taking advantage of you.At this point you already caved in and modified the agreement.

All of my properties are just outside of Jonesboro, catering to commuters Well having cut my teeth in developing in Nor cal  Oregon and Washington  I suspect what you think is tough we would be o delighted with.. but happy that your doing well. 

They caved and never asked again.

As a real estate investor I'm sure you go to local REIA meetings, and I'm sure that on more than one occasion you've had a delightful conversation with someone that impacted how you thought about a particular situation.

The minute they think they have things under control and stop going to meetings etc. is when they relapse.Even if the person is working hard to stay clean they will feel sorry for the druggy friends and let them crash their.Once around the poison of choice instead of a safe environment they cave in.I had this happen before with a tenant with a nice job as a chef.She had been clean for 5 years and had another year of probation left.Her probation officer swore up and down she was a model person in the program.At first things were great the first 2 months.Then these seedy guy start showing up from out of state in SUV's and then now she is keeping pit bulls for a friend of hers which is not allowed in the lease.One of her friends boyfriends stole a purse and police came and found him in the closet and arrested him.Point of that story is I do not ever take marginal tenants again.I will let someone else take the risk.I am not putting my money at risk or returns but I will gladly let the Government do it.I look for quality in properties now and not the low income stuff.You can't let a marginal tenant come in and affect your whole building if they relapse.

If they find, for instance, a party who had an interest in the property but was not named in foreclosure they may call to cave that interest out.