When one party fails to fulfill their obligations, the contract and the law provide instruments - eviction in this instance - which allow the other to mitigate loss.  

I've had a couple of instances pop up where people call and want to sell their lakefront property at a discount. 

For instance, if you have maxed out credit cards, see if you can get credit limit increases or apply for a new credit card.

In many instances, the rates are identical for any consumer 1-4 product.The problem is that the banks I've contacted only do portfolio lending on owner-occupied 1-4 units.I was wondering has anyone come across a bank that has a robust 1-4 unit non-owner occupied portfolio lending program?

I know two instances of people buying through FHA.

It states in part that:The owner shall maintain all means of egress at all times in a safe, operable condition and shall keep all exterior stairways, fire escapes, egress balconies and bridges free of snow and ice, provided, however, in those instances where a dwelling has an independent means of egress, not shared with other occupants, and a written letting agreement so states, the occupant is responsible for maintaining free of snow and ice, the means of egress under his or her exclusive use and control.

@Andrew Boettcher That's usually the case in most instances there are two sides of the spectrum and it's usually best to be in the middle not on one extreme or the other!

For instance, the VA will require that chipping paint is repaired, hand rails are installed, windows with broken seals replaced, etc etc. 

If you use a PM, you're just an investor who, for instance, doesn't have to shovel snow..I operated under LLC's, S Corps and C Corps, at one point all three, in the course of my business career, but did not use LLC's for my real estate business.

For instance, I assume you don't know exactly how many nails you are going to use before you start the job.