Hello BP community,I have given termination of lease to end this month to a Sec 8 tenant who violated the lease with subleasing, damage, and failure to cure and repair damages est. $35,000.

@Robert Payne  I used to think Kwikset was great but I don't anymore, that one failure was enough. 

If you withhold now, and the tenant knows the law, you're setting yourself up for failure.

If argue this just do some research on inherited wealth, it does not hold a good track record, failure rate is astronomically high.

If not, well you know the old saying, "the best time to get a lead paint certificate for your units was last year; the second best time is now".I've been told that the RI DOH may not start hitting people with fines for failure to register on October 1 as the law allows them to, due to the insufficient # of inspectors in the state to meet the demand.However, I've also been told that the other part of the law, the one that makes it so you cannot file for an eviction in RI without a current lead paint certificate, is expected to take effect sharply on October 1st.For anyone who hasn't submitted their properties/units to the new registry, I have a 15-page guide (with screenshots) that walks you through it.

If your HELOC is for the downpayment and you want to use lender money for the rehab, you are setting yourself up for failure in a difficult market.

Nobody has a crystal ball and the failures in most operating agreements relate to their inability to anticipate  capital needs, introduction of new members, etc.

Or you can do nothing and guarantee failure.

Basically look at potential failures and determine their impact.Use the lookup function on my name and What happens if you die?  

They are taking the risk versus other potential investors, thus they should take the failure when things go sideways.