However we would temporarily lose cash flow.

The longer you take the longer it will take.I'd rather a $1000 loss than to prolong the situation and lose the grand along with several more months of possible rent and aquiring more and more structure damage to the property.

I offer a 20-30% discount depending on the property, time of year (sometimes a long term guest just isn’t worth the amount of money you can lose), and length of stay. 2.

You are losing it my man.

About the only thing they could do to make a nation wide rent control program is to force states to implement their own laws by threatening to withhold money like they did to get states to change DUI laws to .08 or lose transportation funding. 

I was trying to go for cash flow (on paper)  but I'm losing money every month, not sure when these properties will stabilize.

It would be a shame to lose a good tenant.....but you gotta protect yourself at the same time....

Have you ever heard of a Landlord being sued by a Tenant and losing property?

There are lots of scenarios where you can lose money at a foreclosure auction - usually because the sale price plus rehab and future sale costs are driven above the after repair value.

@Max Tanenbaum - there are lots of companies (usually law firms) that specialize in tax appeals; they take a percentage of the first year's savings as payment, so you don't have much to lose by using one of them UNLESS the appeal results in a higher tax.