If I'm looking for the latter then unless I have leases to ride out, I'd simply terminate one or both tenants and address everything now.

I invest locally down here in Columbus OH and have enjoyed riding the coat tails of appreciation and high rental rates.

Investors are better off focusing on local demographics, making fair offers, finding a niche, and holding reserves during the ride.

If a person is looking to get into REI thinking it's fully passive, simple, easy, quick-$, it's going to be a rough ride and good chances of loosing $ not making it. 

It may be a bumpy ride for a bet. 

It's all been a pretty wild ride.

Be aware of over leveraging and you will be able to ride out the rough times.

We decided to move into our flip and ride out the messy market and rent out the two doors we now had just a few blocks from a booming college.  

Likewise, those documents should be clear on their signature lines that the owner is an authorized signer and is signing on behalf of the SMLLC and not in his personal capacity.So, rather than paying for your super lawyer's Bentley, maybe hire someone who rides a bicycle.And as for piercing the corporate veil, if a business owner can't open and operate a bank account and not use the business as if its his own personal account then there is no legal structuree or entity which will protect them.  

A hail storm while I was holding it caused a new roof to be needed but insurance paid most of it.