L&I has labeled both of them as “unsafe,” meaning the agency found them to be “dangerous to the life, health, property or safety of the public or the occupants of the structure.”

When you analyze a market properly (1% Rules aren't properly), you're analyzing all the properties in that market at the same time.It's even more dangerous for newbies to use any Rule of thumb.Rules of thumb are nothing but shortcuts, which seems to be the growing method of doing anything now. 

Now there is danger in that of course 1. you can miss something  2. when you go to resell if the title companies representing the bank or new buyer dont know you and they are not title company prepped deeds they may refuse to insure the next transaction as they may think the risk of title fraud is too great to take it on.  

However it was not my best work so thank you for giving me the opportunity to redo the video in excel this time and very clearly educate you and your investors on the dangers of economic vacancy and the many broad assumptions you, or more accurately the guy you hired to do your underwriting, made.

If you're curious - read it here: https://www.biggerpockets.com/forums/51/topics/1221700-rant-...In closing: The dangers of shifting the timing (of your income, expenses, and business transactions.)A purely mathematical exercise may indicate some beneficial timing for this or that.

Satanic, my foot.This just looks like the result of run-of-the-mill substance abuse and mental illness issues.

Here's what I do....again it may be controversial, but there is such an enormous pool of tenants that have vouchers that I can do this and still have plenty of people...No smoking of any kind.....I don't care if you have a card that says you need "it" for medical reasons.No evictions, ever.No felonies in the last 5 years.No dangerous breed "animals" or pets  and when fully grown the pet can't weigh more than 20 lbs.They will pay for a background check through SmartMove that costs $40.00I don't care what "story" they have, I don't sign the RFTA package until they give me one full months depositI actually don't care what their credit score is because the housing authority pays most of their rent.I don't care about their oncome because the housing authority pays most if not all of their rent. 

If he sees a guardrail loose or dangerous electrical installation, call it out.

There are a lot of dangers in lending money.

If this concept is unfamiliar, then continue to ignore it.In closing: The dangers of shifting the timing of your income, expenses, and business transactions.A purely mathematical exercise may indicate some beneficial timing for this or that.