Late after the 5th, she get's a notice and so on.....You may want to consider cutting your losses with her before this thing snow balls into the spring/summer months.  

You can say that you have to get with the trustees to approve it.However, I must be doing the trust accounting wrong, because they don't allow me to take the losses that the trust has.

If you are starting eviction due to breaches and the non-payment then go through the eviction and sue them for the loss of rent and damages.

Economic vacancy/losses will be much higher than you might expect, depending on the area and condition of the homes.Good luck!

Also, a borrower interested in a DIL/CFK's will be priced higher then one with no loss mitigation.I use the stair step guide as a loose guide for pricing....Assets in the $50K FMV range will start off at 55% of value.  

The prosecutor said we had a very weak case because the store's manager who was on duty when the theft happened was fired right after I sold the store (at a $58,000 loss). 

He will find the money but would obviously prefer that you take the loss.

I recommend the GC get Builders risk insurance with you as the loss payee. 

Also look at the annual financial report to see if they are reporting a profit or a running loss for the HOA.If this building is older plan on special assessments or monthly dues rising at a fast clip to cover ongoing repairs needed.

Some have written into their lease that any violations/fees incurred are the sole responsibility of the tenant in order to recoup any losses they may have.Hope this helps.