We've had this same situation occur.

Of course, "lightning" happens some times or an unfortunate "accident" :)

Best case, Worst Case and What most likely to occur. 

His response was it was an accident!

The long-term goal is really essential to decide what to do.That's why I love to challenge the BRRR fans about the hourly rate for the time they invest in combination with the performance of the asset when (hopefully) everything they hoped would occur and they can actually refi and get any cash-out.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

I figured that there is an element that just want to preserve capital or just squeeze out a little yield but then it occurred to me that they just might be buying mainly for depreciation.

Fortunately my next guest isn’t checking in until tomorrow so I am able to give them some extra time/another night, but this is the second time this situation has happened this winter so I know it is only a matter of time until this occurs when I have new guests checking in on the same day.

"Unoccupied and vacant homes present a greater insurance risk than occupied homes for many reasons, including slower emergency response times and the increased probability of a break-in occurring."

It takes time to get a PM onboarded and all the eviction steps are time sensitive and must occur in sequence.