I’ve been a couple situations where I walked in to a situation where the realtor was in a bad circumstance because he/she wasn’t armed and I was.

page=3 my July 27 post) about similar circumstances in other states where the outcome was different.

. - Due to all the EXTRA handlholding with the tenants in these circumstances, we either terminate our management or require a higher monthly fee from owner.If you are a PMC reading this and you do NOT have these checks in place for new clients - the market slowdown is going to cause you a ton of headaches with desperate owners dumping their problem properties on you.

Having contingency plans and sufficient cash reserves is crucial for navigating unforeseen challenges.Please let me know if I am missing any. 

Given these things, in a normal circumstance, I try to increase rents 1-3% annually believing that is generally how much rents will increase LONG TERM and that a tenant's pay will likely rise in that range each year on average as well.

Plenty of owners don't like S8 tenants, but this guy was pretty golden I thought, just bad circumstances and teacher income. 

After some research, I'm thinking it would be a good opportunity to proceed with the offer and to set aside the "free" money for use for repairs/renovations and holding costs to have some extra cushion.There seems to be much debate on the use of credit cards in real estate investing, but considering my circumstances .. 1.  

My mother used the program after an unforeseen divorce, which left her penniless with 4 children.

If it was unforeseen medical debt, and you've made progress in straightening things out, you might find a private lender to work with you for an eye-wateringly high interest rate.

I’m not an attorney and don’t know your full situation and all the facts and circumstances but would recommend you consult with one if you haven’t done so in the past or already.