Monthly Rent: $1,700PITI: $809Property Management: $221 (13%--I feel this is high & an opportunity to reduce this expense)Vacancy Rate: $119 (7%--this is based on our initial vacancy so I think it's high, but I'm using 7% to have a safety margin of error..

We leverage VA benefits and military housing to acquire properties and have a safety net in the process. 

One can weather a correction if they buy right and have that ever important 'margin of safety' in their cash flow numbers.  

In that case it might be considered a safety issue, especially if it weren't feasible to widen the halls and doors.  

This is a business, not a hobby.I have heard people accuse investors of always chasing the highest return to the exclusion of safety and prudence.  

Anyway, thanks for the article, It's a good reminder about fire safety.

Tons of life/safety issues & too many interior/exterior issues to list.

We are far from perfect, and our winters are not everyone’s favourite climate, but on an international level it is hard to beat the safety, opportunity, education, health care, natural resources, and financial stability which Canada has to offer.

But when it cratered oh man.. these folks had no reserves they could not afford a simple turn over they were totally under capitalized and as we know turn key operators in those days did not sell A and B class so the assets just did not perform on a razor thin budget and then the defaults happened.. and there you go the ugly cycle.

But in 2014, Scranton changed the ordinance to require annual safety inspections.