No judgement on my part.

The guidance isn’t clear so that is mostly a judgement call. 

Also, God’s judgement historically is local, and the global judgement was rested after the flood and will be reserved for the tribulation.

Either way, 150-200 is a good goal to have door to door and use your own judgement.

The statute does not say that you need to have this language in the lease agreement.I also presume that your lease is in writing, and that any pertinent notice(s) to vacate, etc. was given at the appropriate time and in appropriate manner - as required by law that I don’t think I need to go over.Whether you decide to do cash for keys or the court route, it may be a good idea to let the tenant know (in writing, like email, and with no unrelated fodder - stay on point,) that he may (1) end up owing you 2x the previous monthly rent amount, which would be enforced by court, and (2) whether you’ll be able to collect from him or not, he will have a judgement against him that should make it more difficult for him to rent anywhere in the future.

But, besides, the stress of a lawsuit, if you win it, you will face the burden of having the judgement enforced.

We aren't necessarily concerned with exact, but averages to help us make a sound judgement.

@Erik Whiting we do not know the original poster's market so it is hard to make a judgement but in CA if you tried to stick to the 2% of purchase price rule you would never buy anything, it all depends on your local market and personal situation/ goals as to what constitutes a good deal.

However, use your judgement.

Just FYI: The seller gets nothing financially in the short sale transaction and thus the price to you does not affect them at all (unless the seller's agent negotiating the sale does not due their job right and allows a deficiency judgement against the homeowner.