You can ask for an extension for more time if you're having trouble getting an inspector in there sooner.

During the debacle, while we are attempting to convince the bankruptcy judge to give us possession, a hurricane does damage to the building so extensive that the building is a tear down.

The increases in taxes did not negatively impact the financial performance of the property.One warning about triple net leases.  

This is why people are now buying at 3% cap rates...they are seeing the out of control rent growth and they know that the revenue stream is growing--rapidly.Remember--cap rate has nothing to do with investment performance. 

I should probably then also add the Loan Termination Deadline extension during the same amendment next time and see if they agree to it.

Most investors I'm following and want to emulate were on that path to some degree and then had a moment of realization and said no, screw that, get out there and put your money to work for you.Maybe I'm stretching, but that's what I'm going with!

As Adam mentions, for my notes that don't perform I prefer either doing a lease option on it and technically renting it out, or if rental market doesn't justify the landlording headache, doing a light rehab and selling.

The banks extension just expired last week and they just want to be rid of the property.

In return I'd get paid for the work I performed and a percentage of the profit when the property sold.

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.