It's highly unlikely that he will ever sue anyone, because lawsuits are painful for everyone involved, including the tenant. 

I'm finishing up one now and it was a pain to get it. 

Originally posted by @Jay Hinrichs:Other wise you could simply sell pocket your 500k TAX FREE I have done this 4 times in CA.. a cool 2 million in my jeans TAX FREE over the last 25 yearsA cool 2 mill tax free beats a sharp stick in the eye for sure, but oh the gain you'd be sitting on if you hadn't cashed out that cool 2 mill of equity and instead held over the last 25 years ...  

I suppose I do.The judicial/non-judicial state list is a good starting point for limiting the pain of a foreclosure.  

IT was the most painful lesson ever.

I'm similar to your equity ratio, Aaron just with more doors.I'm paying off all the commercial apt bldgs because they are in LLCs and annual reporting is a pain.

The financing and insurance issues are a pain, too, but probably less of one than dealing with all the tax forms and tax reporting.  

So I talk tough but I have a tenant that is being a pain in *** and I have not done anything but she has not been breaking the lease; unfortunately nothing in the lease prohibits her from being a pain in the ***. 

@Sarah Pratt I'm so sorry, I feel your pain.

I imagine this would be a pain when it comes to plumbing repairs.