In 2017 his operating entities had lapsed with the state of Texas.

No experience with the 2 you mentioned, but I'm a fan of paying the year so I don't forget next month/quarter and the coverage lapses.

And while I'm certainly not there yet in terms of real estate, I know that any hiccups in my acquisitions and scaling up won't come from a lapse in my asset protection structure.I hope this helps!

As a side note if you were to ever let the permit lapse, expire, etc. you will then be required to bring it up to current building codes, in order to continue use as a Short Term Rental.

The Intuit rep indicated that we would be cut off if we let our annual subscription lapse.

In a 1031 exchange I had to hammer both with  threats due to the agreement to cooperate and the constant surprises of new partners and unfilled liens with an approaching lapse of the 180 day limit. 

What if the detectors didn't work due to a manufacturer defect and not lapse in replacing batteries?

Knowledge and experience is what matters, and credentials do not guarantee it.As I already told you on your other post - there is no creativity with 121 after the 3-yr window lapsed.

We even have a master insurance policy that we can force place insurance on a property for the lenders protection if the borrower allows his insurance to lapse.

Technically L&I does not have to issue a new rental license after the 3 year period has lapsed but sometimes it does.