Details here- https://www.biggerpockets.com/renewsblog/2014/01/04/leveraging-really-risky/. 

Read the full report here.https://lao.ca.gov/LAOEconTax/Article/Detail/265California may have had a $9 billion surplus.

When you are getting into raising big dollars from sophisticated investors they are going to want to see a track record and a well thought out and detailed business plan.

Here's a detailed guide on how to screen applicants: Application Screening Guide

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

There are a lot of options with a 6 unit building, and I agree without more details that it will be hard to offer any specific advice. 

Given the details you provided, I personally might not want to settle this in mediation with this tenant however as I'd probably just want a judge to cut through the BS and tell them to pay up and get out at this point.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Let me know if you'd like more details or assistance!

**NAHB Contracts**: The National Association of Home Builders (NAHB) offers a variety of detailed and standardized legal templates specifically designed for the residential construction industry2.