I have thought about setting up a non-profit to collect donations to tear down some of these old eyesores.

Wear and tear or possible damage was considered and if significant work had been done it was flipped.Holding period: Consideration was given to depreciation and the after tax position usually begins to fall at some point, about 7 to 8 years and in consideration of major repairs expected.

Besides the natural damages, vacation rentals can incur higher wear and tear damage from different people moving in and out all the time.

Two teens and two toddlers have created some significant wear and tear on the house.My initial approach was to get a HELOC of 15 or 20k to really spruce up my house to make it fetch more at resale.

Conventional should not be ruled put any property unless it is a tear down.

A landlord that keeps security deposits is usually a scammer, security deposits are for damages, not normal wear and tear.

I am interested in this for getting tear down properties, fire damage, or lots...Direct mail is so important, but it takes a formula.Please help.

. :) If they're crowded, that's on them.But I would imagine your concern would be noise, parking, and wear on tear on the house the more people you get?

Also note that if the tenants did damage beyond usual wear and tear.

From the little we know, I'd say it's a definite tear down.