Don mentioned that this guy might place a lien on your property, and that may be true.

Not true in 99% of the cases.

This is generally true throughout all 49 states... and California.

While that is probably true, it would also wash out the grocery store where his food comes from and the neighborhood would look like 

The same is true for all of the other ways in which we source residents.So what does mean practically?

Seems too good to be true, but again, the tenant is trustworthy.

This is especially true when you have notice (texts, voicemail, letters, time/date of conversations) from those tenants about the harassment. 

Rather than "is it true that you owe back rent? 

This assumes there or no CAPEX during those 11 years, which would make that recover of cash take even longer.Third, your equity is great, but it only has true value when you access it. 

This is particularly true in markets like ours in Pasco, Pinellas, and Hillsborough counties, where we manage a variety of properties ranging from Class D neighborhoods to more upscale Class A properties.