I will make sure that I have a signed termination addendum as this will prevent any sudden rearing of difficulty.

Things go OK for a while, sometimes for many, many years, and then it suddenly blows up in their face.

A good rule of thumb to remember with insurance claims is sudden and accidental,  such as a tree falling on it, or wind damage, if it is something that happens over time your insurance carrier will probably deny the claim.  

All of a sudden you're negative cash flow.

Maybe they are overwhelmed by the tsunami of coverage and business surge or don't really care.Since I"m in the Santa Fe NM area, it might be a little hard to put together a BP meet up @Jose Matuk  but we could practice over the phone the other techniques!!

Not really sure what happened, but the bill was getting all the votes then all of a sudden, dead?

But I don't see many investors all of a sudden becoming out of state investors.

I dont want to be in the situation that i purchase the MF and suddenly renters stop paying the rents / possible already stop paying.2.

They are use to it, and don't seem to mind paying.One time someone was complaining about a late fee, I told them that when I refinanced any property, the mortgage company had to see all payments from my rentals, and if they were late, they would question what happened to the late fee,,,,of course its a line of BS, but they suddenly thought of the mortgage companies as the 'bad guy' and never paid late again.andy

He will, of course, let me know the condition of each unit.We would never have suspected anything was wrong at this particular unit after several years of good tenancy, but you have no idea what can suddenly change, and then it's too late to charge the tenant for the damage.