Particularly in the Tiger Rd area where it isn't in the heart of Breck, but those larger houses are being impacted. 

No evictions/bankruptcies/ unpaid judgements We tell them we will run a background check and handle felony convictions on a case by case basis in order not to run afoul of any disparate impact claims.We publish this in all of our ads, the tenant questionnaire, and their application. 

When we bought in 2013 we took out the carpet and installed bamboo flooring; we put $35k into a complete overhaul of the kitchen; and we added impact windows in 2015.

Location can have a huge impact.

Furthermore, being cash flow negative is going to severely impact your DTI and thus your ability to purchase other properties.

If you do a short sale, it would impact your credit report and subsequently your ability to borrow for your next investment.

IMO, if you are performing well and the others are passive and happy in that role, lining out what those options are, financial impacts to still ensure an attractive return for them should go a long way to avoid friction later and may be a catalyst to get you thinking bigger w/syndication down the road when you want to bring in more investors and capital.  

Where can you advertise your vacancies for greatest impact?

Different markets experience yearly price growth that vary drastically; this may soften the impact of negative cash flow in markets were average values are extremely pricey compared to the national average. 

You can take pictures of receipts (before they are lost) and upload into QB for permanent retention.