We usually give the benefit of the doubt but some will abuse..An attorney told me once a tenant is 30 days past due it's difficult to catch up so immediately start the process...Of course every scenario different..if they got 30 behind..60/90/etc...impossible...

There are also updates as mentioned regarding "abandoned property protocol" and the domestic abuse protections it requires specific language.

That is the same "no" I would use if someone was about to walk in front of a bus.

Some states will require a judicial foreclosure at a stated equity amount, like 10%.The CFD is one of the most abused transactions in RE, insurance can be a problem if not set up properly and loss interests assigned, rare to find in the old boiler plate forms.

Just as an example: I once ran a guy out of town who was a professor at a bible college, who decided oit was OK to demand sexual favors from a lady who was in an installment purchase agreement with a non-profit organization.

My first thought is that they should pay for it, but Ryan and Arthur bring up a good point about it breaking from abuse or normal wear and tear.If it is their fault, the question then becomes, how hard will you have to work to get the money out of those people?

Too much room for abuse and harder to write things off on taxes. 

When I partner with someone I ask myself this question: "If I get a hit by a bus tomorrow, would I trust this person take care of my family?"

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That gives her a lot of time to abuse your property, not report problems, not take care of it if she so chooses.