You may pay more for that extended closing window, but it may be worth it.

Quote from @Christos Kappatos: @Josh CissellHey Josh,I wanted to extend a huge thanks for sharing your insights.

If they are in an upstairs apartment and leak, the damage can extend to the downstairs unit.

I do see risk of tenants using the ordinance a way to extend their termination date through tieing it up with paperwork.

Some dogs suffer from separation anxiety and do this. 

Look for properties with tenants on MTM leases and extend them if you like. 3.

Are there extended stay type hotels in your area?

We both agreed.Tenant argument to me has always been, they are unable to pay rent due to PTSD suffered when they had several relatives die. 

It can also work if you're planning to do an option, assignment, or double closing, because you're not taking on the risk of holding the property for an extended period, but if things continue slowing down (thank you, high interest rates), you'll want to be very careful about how much you're offering, especially if you stick to the straight flipping model, where you take title to the property and don't make any improvements to force appreciation.

Management is free to make whatever decisions they think are in their best interest… hopefully that consideration extends down to the LPs, and usually they do.