On a more practical note, what are you going to do to enforce something like that with a typical tenant?!?

If this is an accepted practice in North Carolina then something is definitely off.It seems like an awfully underhanded way to finance a potential vacancy loss using the outgoing tenant.

IN practice during the GFC banks did not do this.. just like they had a gov. mandated moratorium on 1099C debt relief filings... now though that is done and that is a rude awakening to many folks who think they can just walk.

I have a solid curriculum to follow and I get 2 coaching a week with Peter practically unlimited.

Its all about hiring practices and building out a team.

Since you're outside of Portland, the 90-day rent increase notice isn’t as critical, but I still recommend using it as a standard practice.

The current city administration has telegraphed plans to introduce regulations this year.

Hi Jorge - I cant answer most of your questions but I have managed properties in the city of Philadelphia and it is its own realm in regard to the requirements and regulations. 

These are the type of thoughtful, non-combative responses to LP questions and comments that all GPs would benefit from reading - and putting in to practice. 

We have been flipping for about 10 years in U.S and we definitely understand that there may be many rules, laws and regulations limiting the ability to flip for a profit worth the effort.