I kindly ask for 5 minutes of your time to fill out this questionnaire on tenant evictions.Landlords often face risks when leasing properties since the cost of evictions can leave a huge burden on the owner when accounting for legal fees, court costs, financial damages, property damages, and lost rent.

This is why most states have an expedited court process for getting out tenants for nonpayment.

We decided to fight the charges and file a case in small claims court (not knowing the future impact of a dinged credit).

What are the impacts of a citation on my rental property and can I defend it in court?

I would not do a lease option as a buyer as others mention, but also if this is written the way you wrote it where its interest only payments and you have $1M debt - it does not matter what its called the courts will look at this in the same instance as a mortgage because of the substantial down payment and their is debt.

I would ask you property manager if they could explain the entire eviction process to you, and ask to shadow them to court and ask to see all the paperwork required to evict a tenant.  

Even if they win, it will likely be settled outside of court for well below the limits and your policy will cover you.Tenants rarely fall, sue, win, and collect an amount exceeding your policy limits.

Thx The ball is in your court.

I believe there was a PA court decision several years ago that now prohibits the "first, last and security deposit" approach.

While it would impact some business plans more than others,  its probably possible to function with 5-10% a year rent increases allowed and vacancy decontrol,   but if we get the more extreme variety like what the far left wants  (inflation or less for increases,   no vacancy decontrol,  etc)  it will be bad.