Basically you cant do it for anything other than failure to pay rent or taking the unit off the market permanently.   

in my opinionthe difference between OOS success and failure is your team.

Failure rate in the US for wholesaling is very high, near impossible in Canada due to the regulations, environment etc. 

You really need a few failures and setbacks, not to mention enduring some grinding moments like scraping peeling paint or cleaning toilets before anyone is going to take you serious about developing real estate.

Although I didn't have any failures early on, it certainly could've happened.

Learning to speak about our failures instead of hiding them.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Here's what my lease says about them: Failure by Resident to obtain written permission from Manager PRIOR to introducing an ESA or ESP is a lease violation.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

It is the result of preparation, hard work and learning from failure (Thanks Colin Powell)A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty (Thanks Winston Churchill)