It's just to the left of a foreclosure though and will pretty much destroy your credit for a few years.  

The house is destroyed by a falling tree, the purchase contract is voided.If husband and wife jointly sign the purchase contract and one of them dies that could still make it impossible to fulfill the contract terms.

Tenants may destroy their vacuums every 2-3 years.

You will most likely have to evict since a tenant with a new landlord really doesn't care about the relationship, if you are lucky they may care about their credit but tenants that do not pay rent have likely already destroyed their credit.Begin the eviction as soon as they default on their rent.

Your closing costs would almost immediately destroy that "gain" though.

When tenant damage stone counters (yes they do destroy everything) it is costly to replace.

We were set to close on our first duplex in the homestead area and were performing our final walk through when we found out the place had been completely ransacked by someone who stole the copper wiring, furnace, water heater, and destroyed the kitchen and bathroom doing so.

Destroying property and assaulting people.....are you kidding me, I would not accept them based on the felony record alone.  

I Went to look at the property and found out that it was completely destroyed in a fire on the evening of the auction day.

YOu could raise rent, have a tenant refuse to pay, then you evict them, while they destroy your place on the way out.