I'm still arguing with my husband about this - there's plenty of time built into the process for the tenant to come up with the rent and the penalties, before we get into court, and this way the remedy was set into motion before the tenant got months behind in rent.

@Sacha LaCossThis is what the Uniform Owner Resident Relations Act (UORRA) of New Mexico states to explain what actions to take in this situation. 47-8-31 Resident rights following fire or casualtyA.

It's funny, Sherri and I were listening to your podcast episode #286 on a plane home from Ca just last month and we were both inspired and excited which put a train in motion for us.

Make sure the company has a uniform way of conducting business and that your concerns are addressed in the contract. 

Such a lawsuit would require Interrogatories, requests for admission, depositions, probably several dispositive motions (such as a motion to dismiss and motion for summary judgment) and discovery related motions, scheduling conference, changes to the schedule, etc etc etc.

One of the issues though is things start to get unique for each house when you get into single family homes so there would need to be some understanding of what to expect. as you get into properties of larger size things get much more uniform regardless of the complex you are at.

If they answer and deny and you have to file a motion for summary judgment, then it could reasonably take 90 to 120 days, and cost upwards of $2,500 or $3,000. 

Thanks for your insight I am going to put this in motion ASAP!

I am in motion to improve my career but that is neither here nor there - point being I have little/no personal money to work with and will be a few years before that changes.So I have been racking my brain as to how to get my foot into REI with the resources I do have.

(Even though are saving labor costs by doing it yourself there are still plenty of material costs.)If you plan on getting a triplex then this will probably be very tough to find...my suggestion would  be to continue saving but also go through the motions of learning to analyze, talking to lenders, going to see properties and prepping as much as possible.You are young and have so much time on your side, don't rush but just prepare and then take action when you feel it is right.Good luck!