Certain vehicles offer more protection than others when it comes to bankruptcy proceedings and ringfencing assets from creditors.A good CPA should be able to effectively advise on the tax and legal implications of each vehicle.

Readers are advised to seek professional advice.

Typically, in this situation, I advise my property management clients (in Florida) to terminate the month-to-month tenancy of a tenant who is causing problems like this and to place a better tenant in the unit.As for the tenant who is requesting to get out of their lease, of course, you do not have to release them from a lease term on that basis, but look to your lease and state laws regarding their ability to terminate the lease (whether a lease term or month-to-month).

Wells Fargo advised everyone of the upcoming foreclosure.

@David Lamb  I would advise you not to do a portfolio loan as there is a poster on here that has experienced the downside to these.Better to have a high interest loan on one property and keeping the others at low interest.

The attorney will advise.

Readers are advised to seek professional assistance.

Please advise. 

Your accountant/cpa will be the best person for to advise  

And especially those of you who firmly advised me to bring in legal help and move forward with eviction!