Quote from @Carlos Ptriawan: totally agree, key point is don't lose money by not having complete understanding of future risk.we're in the great collapse of CRE market and LP is destroyed because the passive investor is the dumb money, time is important but not to lose money is incredibly even more important , the total collapse in many commercial real estate sector is way beyond 2008 as it seems.Carlos, where are you seeing that "we're in the great collapse of the CRE market" ?

I wonder if he dealt with occupants differently, they wouldn't have destroyed the place.  

I saw a guy driving past a square mile of solar panels in Texas where every single panel was destroyed.

Quote from @Russell Brazil: Quote from @Bruce Woodruff: Downvotes can be used as a weapon more than upvotes....you get a little feud going (we've had a few) and someone with very few votes at all could get destroyed. 100%.

Do you ever have any problems with students in your units such as destroying property & not paying rent on time.

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

Just have to diversify so one thing doesn't destroy your investment account.  

I have had a home destroyed by fire; never by water.

Look James, to put this another way, Short-Term Rental industry destroys you're entire argument!

(Not legal advice or noting you should do this, just what I would do" and then ask "happy to let this play out in court and go to discovery - love to see how you financially handled this... and oh by the way, please refrain from destroying any documents, emails etc. as it relates to this deal for discovery purposes..."