This would help eliminate unnecessary labor cost and avoid a lot of weather delays that can prolong an ADU project.

Tenant gets to move into their new home and you get a new tenant with a more prolonged lease and you more rental income. 

I dont want to prolong the closing and lose rents either. 

Immediately after the signature bank crash on march , money moves to oil sector and big top ten tech company as well , that’s also with the ridiculous new AI bandwagon LOL :)but truth is even Microsoft has declining revenues due to stronger dollar ….and they had to cut employee …some of us here that is in real estate , financing especially commercial one … are the one that would be destroyed when there are prolonged interest rate hikes.There is no business that could sustain the impact of sudden rise of 300bps in 12 months.

There are several new projects taking a prolonged amount of time to reach stabilization and we believe underlying vacancy for the entire market, to include smaller buildings, is higher.

If so, is your risk then prolonged draw from the HELOC (and dealing with that interest)?

I would say between April and July that a short vacancy period would be normal in my area, but any other time of year it will be prolonged if I stick to only placing a qualified applicant.

Jorge,You could fight the foreclosure and prolong it for a long time costing the lender.Joe Gore

Oops I picked the wrong contractor, tenant, method of collections or prolonged a lease when you should have evicted.

Action sooner is better than later because if this cancer is bad you don't want to prolong his stay in your unit until it is physically hard for him to move.