Not sure if "preserving their property" would include repairing a fence, though.

Then after evicting tenants and the place getting torn up the landlord started to preserve cash flow by doing the minimal possible.Welcome to land lording 101 !

Fee is waived and relationship preserved with a few dings, but hopefully more respect...if I choose to continue it on future deals.

Some are looking to build wealth, some are looking for capital preservation, some are speculating, some are looking for diversification and some think they need a tax deduction.

If I had to do it over again, I would pursue non-bank funding (private equity, seller financing, etc) as a first option in order to preserve my mortgage eligability for the truly "exceptional" opportunities that I did not want to lose.

it sounds like your goal is more units.. why not use leverage now to preserve equity today and acquire more equity today?

I have not had issues with property maintenance outside of what I would consider normal concerns for preserving the property.There is an event/idea called "Mortgagee In Possession" which can sometimes occur when a Mortgagee steps in taking possession of the real property while finishing foreclosure proceedings.

It looks like the bank's property preservation company was in the house in 2008 according to the stickers on all the plumbing fixtures stating that the house has been "winterized" (it doesn't get below 50 here often in the winter).

To abide by any rules or regulations adopted by the Landlord to promote the convenience, safety, or welfare of tenants in the premises to preserve the property or fairly distribute services or facilities."

If you toss them into a paint of paint remover overnight you may be surprised what nice hardware has been preserved by all that paint.