(Durr Drug Co. v.

(Durr Drug Co. v.

City road ends at park entrance.Considering the land price, infrastructure setup cost each lot cost was coming around $7300 which was very attractive even though most of the houses on them were old and needed good repairs.All other lots except the 59 were in considerable good condition and our due diligence showed that whole park value is going down due to these 59 lots mismanagement for 40 years.As per owner rent collections were around $7200 per month and most of the tenants were very long term (average rent $400 per home) which he receives in cash so bank rolls available to validate.As per our estimate, each house needed 7k to 8k repair to make it livable.Negatives:These homes/lots were owned by same owner for 40 years and he neglected everything which includes tenant quality, infrastructure (such as overgrown trees, bad homes still in the park which should have been removed years back, 3ft- 4ft potholes on the road since its privately owned).Most of the tenants were convicted or had some big felony, these houses were famous for drugs cartels in whole city.After buying we realized things were way worse than what we assumed in due diligence:People staying there actually were involved in gang wars, prostitution, drugs etc.

When I put in an offer now, I feel like I'm doing drugs it's so cool!

He appears to be strung out on drugs and actually creeped out a contractor so bad he left the job site.

After I helped clear out the drug using /dealing non-rent paying people that were taking advantage of this guy, he tries to back out!

All units have been rented to low-income tenants receiving assistance through voucher programs, and I plan to stick with low-income tenants to help alleviate the low-income housing stock in Phoenix.

There are probably more big issues of crime, drugs, turf wars, segregation, poverty, and other issues than most other cities in the US. 

Thanks Caroline, all arbitration was stated on the assignable agreement, he has once backed out by giving my number to his drug dealing, using room mates to call me text me, harass the title company we were originally with.

This homeowner decides he wants to back out of a contract after we invested our time and efforts into coaching him how to get rid of his  bad drug using and drug dealing tenants which we had permission to record cleaning out the home, offering to help him sell his belongings on Facebook getting rid of pests and beginning our re-hab.