If it is still 30 days or same time period just a week late I would probably do nothing and be accommodating.

Often times, I will do that for free especially if I'm going to be nearby, but if they do it more than once in a short period, I will charge a fee and they aren't surprised by that either.

The majority of sales from a SDIRA involved a "flip", where holding period was <365 days.

Proper planning for these uncertainties is essential.During your due diligence period, it's important to thoroughly assess the condition and age of all major systems and components in the property.

They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

I get a lot over the period of a week then they disappear. 

Effective remote management hinges on strong organization, reliable local contacts, and leveraging technology for efficient communication and oversight. 

Assess if you have enough time for tasks like tenant screening and maintenance.Expertise: Professional managers know landlord-tenant laws and property maintenance best practices.Cost vs. benefit: Weigh management fees against potential savings and efficiencies professionals might offer.Property location: Distance from your home to the property matters.Number of units: More properties increase management complexity.Stress tolerance: Consider your comfort level with tenant interactions and problem-solving.Long-term goals: Professional management can free you to focus on expanding your real estate portfolio.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.And, our clients who self-manage use a PM software to handle all property-specific tasks (tenant portal, requests, rent payments, etc etc).

If you can negotiate a 10-year balloon, you're more likely to be able to ride out any negative periods.