We went through a lengthy eviction, then hauled out two 40 yard dumpsters worth just from the basement.Then there was the fire we had in a duplex unit, started by refugees that had rented under a special program at the time.

If I am ever in California (I am way over due for a visit) and I am in your neck of the woods, I would literally go out of my way to meet you.

Apologize for the lengthy post.

Inherited tenant in one of the homes refused to pay rent and a lengthy eviction process killed any possible cash flow for a few months.

You didn't mention whether the promises made were in writing.If they were, it seems to me that a lawsuit is in order - one with the intent of driving an equitable settlement from the seller and TK company, rather than going through the lengthy and expensive court process.I'd be prepared to find that both parties have protected their assets via LLC / S-Corp or something similar, but my understanding is that fraud can pierce the corporate veil.

But they are going to send a 3 day notice today; when the rent is already 28 days overdue.

@Palani (Pono) WrightCRE to me is not something that you need a lengthy formal education and experience in, it’s not something that is easily learned over the course of 3-6 months.

Of course the numbers would have to good in order for this to work but I wouldn't plan on taking ANY cash flow from the properties for lengthy amount of time.

But the SCHAC investigation questionnaire is very lengthy and almost needs help of an experienced lawyer to avoid any legal pitfalls.

Yes you're partially right in the sense that the average stay length is much shorter, but that's also an opportunity to capitalize on shorter stays.