Bums can actually sit on the house and enjoy free utilities and housing.

Locking up property, and then walking if not able to assign, and no intention to purchase is FRAUD BY INDUCEMENT.

@Casey Mericle  as I recall and its only been 35 years ago  LOL.. my owner developer was offering these as an inducement to buy his product.. it was a freebie.. have to dust off the cob webs

Also I lived in Oregon my entire life and it's gone downhill big time, way to many "keep Portland weird" people and the bum scene is ridiculous, not to mention the traffic. 

Additionally, I would expect that this would induce the tenant to retaliate with heavy damages to the property - - broken fixtures and holes in the wall. 

I have everything under the same insurer and I'm bummed to see they want me to pay the $5,000 deductible for each property.

The seller's agent has already said his clients are bummed out because they have already reduced the price 500k lower than their current assessed value.

@Scott Meyers  thanks Scott was just wondering if you were locking into some specific stat.being CA native its about on cue that every 10 years or the market does a swoon.. then comes roaring back.I look at my business life in CA.. mid to late 70s recession  with the war ending.mid 80s interest rates at 20% plus SL melt downfor us late 80s was induced by Earthquake and the war in Iraqthen dot com bubble burst.. but that was short lived.then the Mother of them all the GFCSo when I think of these that personally affected me and my business they all had different trigger points.With a lot of it simply being media and consumer confidence and people following the herd.

If you lived in East Bum Idaho and the lender was a local agricultural bank so some other local bank, you'd probably found a good deal to work.

Any feedback is well received, I met with an investor for lunch yesterday who bummed me out.