Tenant filed this about 15 days after the initial filing of rent escrow to court.At hearing, tenant presented his side, then mine was presented (pictures, receipts, more pictures from pre-court inspection) by an attorney and tenant was then offered by PM opportunity to break his lease now, he did not accept, and stated he wants to remain at residence.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience and didn't lose money.

Enforcement/collection is your problem, not the court's.So my non-legal advice is to move on and accept the loss.

@Tim Herman No Not working with any wholesalers my fear is with those homes it’s all cash since most banks wont underwrite a loan from my understanding if the place needs a big rehab also what would you say is an acceptable cash on cash return

I also posted elsewhere online & got one such response: "As a previously licensed property manager, I would first recommend not entering in such an arrangement to the owner, nor would I accept the job due to the complexity and potential disaster it could become.

Hello there BP family,I have just got my offer accepted on my very first investment property and now its time for insurance shopping.

Its all possible depending on how much risk you're wanting to accept/life constraints you may have. 

In order to to do so I'd have to forgo multiple months of rent until it gets resolved (you can't evict and accept rent) and there isn't even a strong guarantee that I would win (CA is a tenant-siding state).

(Owner occupied financing (less than 20% down), investment (20% or more).Having your conditions to close on a property laid outWhat's acceptable cash flow?

I would talk with the agent and come to an acceptable agreement.