I was thinking of this..https://www.lumberliquidators.com/ll/c/Golden-Teak-Luxury-Vinyl-Plank-Flooring-Lifetime-Warranty-Tranquility-Ultra-5GT-T/10044289SKU: 10044289

@Juan C VelezIt is cash going out the door that you won't see so I would factor it in the cash on cash calculation.You should also have a budget of this in your proforma's going forward.You should estimate how long tenants plan to stay for.I.E. tenants on average stay 3 years so you take that 1 month of rent as an expense and divide it by 3 and factor that going forward.

If they are jointly and severally liable (they should be, and I agree with others that moving forward you have ONE lease with everyone's name on it), then issue them rent demand notice, including late fees, addressed to "Tenant A, B, C, D and all other occupants."

A-C ... which in the past would have been an indicator of the cap rate ...BUT the market is very HOT in MFH ( probably at a bubble level ) ... so everything is trading at low cap rates ( old and new buildings). 

Originally posted by @Paul C.

@Linda C JohnsIn the us, you are contractually bound by your insurance policy agreement to report stuff like this to them immediately.

We are looking to acquire a 300+ Class C apartment community.

Looking at it the area is class c.

For C-D class multifamily, you can still find double digit cap rates. 

December is an infamous time for my C class tenants, they do this every year.