My guess would be that if the profit spread is $10k or less -- or 10% or less on bigger deals -- that Assignment is the preferred choice.

Hey ya'll, I had a few conversations with a friend (not here in Bigger Pockets) who has a studio condo in Seattle and SF that she exclusively does Corporate Rentals on.

I listen to the Bigger Pockets Podcast every night and learn something new! 

Good Afternoon Bigger Pockets, Sade' here from South Florida. 

Many folks on bigger pockets speak towards buying land+improvements, buildings such a multi-family, where they are buying land + improvements.  

@Russell Brazil is a great resource in the DC area and knows which neighborhoods will get you your moneys worth versus the ones that are charging high prices just because its Northwest DC. 

There is an entire commercial forum here on Bigger Pockets that might be an even better place to find out more on this subject.  

I am struggling to find resources on how to write this letter.  

Bigger Pockets is the way to go in today's real estate investing.

I agree with you Steve Vaughan, and also Jay Hinrichs, that is a very good method to move forward in one of these situations, leniency is key, in this business, but there is a live between that and being taken advantage of. give them a time frame to get caught up and give them some social services resources to help the situation, I'm sure you will be glad you did.