All late fees in a month will be cut in half if tenant makes arrangements to pay late in advance [declares and follows through with a payment date].

Over here, any barter is considered a provision of services, incurs VAT and needs to have income tax declared.

Maybe I need to exercise my muscle of understanding debt better.  

I do know a lender who uses it, but to my knowledge, has not yet been challenged.I can see it being a mess if the borrower declares bankruptcy,and the BK trustee claws back the property.

Biggerpo should declare you the winner and start a new contest.

(Fast forward, an expert witness has declared your unit substandard and you have to return 100% of the rent, because there actually was a problem with the heater and it wasn't for whatever reason providing sufficient heat.)The gap under an EXTERIOR door would be a problem in CA, especially if there was water intrusion (probably not on it's own, but combined w/ other problems, it would be a point against you). 

I want to know income, job security and when did they declare BK, if they did.

Why not just declare marshall law and have the goose-stepping storm troopers come and take over our businesses?

This isn't meant to come across as mean; just that there's people on here with 30, 50, even 100 SFR's ALWAYS factor 10% for vacancies, evictions, nonpayment.Can your tenants lose their jobs in December & your left with no tenants for 3 months (it's very difficult to compete with Santa these months & if you can find a tenant then, they're probably high risk); can a tenant declare bankruptcy during their tenancy & stay in there & it takes months to get them out?

When that comes how do real estate investors weather the storm and not wind up declaring bankruptcy?