I've also heard reports of faulty ones exploding and causing a fire.Also, if the tenant vapes and used to smoke, she probably has plenty of friends who also vape and/or smoke, so it is likely more people with these addictions would be visiting your property.

After we came to terms I proceeded to find the necessary people to carry out the rehab and updates.DemoKnocking down & opening wallsBuilding new wallsElectricalTilingFlooringCarpetPaintCabinetryDesignStagingNew trimNew doorsNew appliancesNew kitchen & bathroomEtc.It turned out beautifully and I was able to create the highest $/sqft the community has ever seen.My second flip project of 2015 was due to one of my contractors leaving the deck door open, a pipe froze and exploded, and flooded (destroyed) the unit below me, I will discuss that project in another post.Overall, I'm very happy with how the results came, I learned a tremendous amount, especially about myself, money can be used as a tool to generate more money, I can understand real estate flipping, and I'm responsible with an investors money in my hands, I can manage a project properly, I can hold contractors accountable for their mistakes, etc.

Brandon, look at what you said relative to what I said.If there's a fire, don't call me... call the Fire Department.If there's a burglary, don't call me... call the Police Department.Hot Water Heater Burst or Pipe Explodes, don't call me... call the 24 hr plumber.Yes, I'm sure there will be plenty of work I need to do in the aftermath of any of those events.

Black poet, Langston Hughes, asked what happens to a dream deferred, does it sputter like a raisin in the sun, or does it explode?

It's exploding around here.

Rents are exploding. 

And in this exploding foreclosure market, if you have the know how and the money, there is a lot of money to be made.

On top of that, you are looking at an exploding supply here, and young renters who are okay sharing a house/ househacking.

Secondly you may have to wait 10-20 years before it explodes and in the mean time you have to deal with that demographic tenant until the area does turn around.

This strategy is especially great considering that tourism is exploding in Colombia and we're probably only at the beginning of this trend.