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Updated almost 2 years ago,
how bad can it get? Let me show you!
Do you think it's appropriate to place a tenant whose primary source of income is from new memberships of a multi-level marketing company? What if the tenant destroys the air conditioner, let's say with a hammer, and then demands that a new one be installed at someone else's expense. Is that fair?
Is it reasonable to cost $300 to change an electrical breaker, that I could do myself for $25?
Is it reasonable to spend $200 on lawyer fees trying to fight a tax bill you never asked to fight?
Seriously, this is an absolute joke.
If you have to invest in real estate (and at this point I would advise anyone not to) buy a house in a cul-de-sac in a subdivision in a good area with good people. Don't try to be fancy or smart or clever and try to take advantage of a minor imbalance between risk and reward. Buy quality.
Stay away from all those neighborhoods that are not a B plus rating. there is a risk associated with bad neighborhoods that cannot be quantified on an excel spreadsheet.