This is where you write up something on paper which states that they did damage to the unit excessive of normal wear and tear, and you write down exactly what needs to be done with an estimate and a payment plan option or deadline.

They’ll just force you to move the building or tear it down

If push comes to shove, you can do what you want with your property, including tearing out the garden and fence.

Many tear downs in the neighborhood that are being replaced with townhomes.

The bones are good, there is some painting to do and a little wear and tear here and there, but over all in good shape.

However, look at the bright side... zero wear and tear on your fully rented AND paid for property.

Andrew,Another option would be to do part of the labor yourself for example tearing off the old roof on a house that small should be an easy one day job.

You will find that it will cost around $1800 to do the required asbestos test, secure permits and do the tear down. standard 2 car garages with pad run around $14,000, plus or minus.

Honestly, I think I might know which property you are talking about.Regardless, what we are finding right now is a many if not Most of the duplex's in close proximity to downtown are being valued as tear downs for multi family properties, at least in the background.I really think the >$2,000 rents in Dallas are on the high side, especially as it seems like there are a lot, if not too many luxury apartment buildings going up. 

Make the cost of the coin op units low enough, and explain to the tenants that the coins are for wear and tear on the units.