(Drugs, crime, etc.)I can't tell if you are a seasoned investor or just beginning.

I bought this property as a flip, and the market crashed while I had it listed, so I've been renting it and waiting for the market to come back for about 9 years.I have had to deal with evictions, drug dealers, city code enforcement closing down, and now a mice infestation from the neighbor letting garbage pile up in their yard.I want out.After evicting a tenant from the house years ago, the place was trashed and I rented it to someone "as is" in exchange for lower rent.

I bought this property as a flip, and the market crashed while I had it listed, so I've been renting it and waiting for the market to come back for about 9 years.I have had to deal with evictions, drug dealers, city code enforcement closing down, and now a mice infestation from the neighbor letting garbage pile up in their yard.I want out.After evicting a tenant from the house years ago, the place was trashed and I rented it to someone "as is" in exchange for lower rent.

However you structure the ownership, with partners I would have a strong operating agreement or JV agreement that spells out exactly what happens in case of all the Ds:  Death, divorce, disinterest, drug use, default, etc.

Does your lease state that there isn't any drugs allowed on the property.

Now this guy comes back with "We had conditional leases that included as reasons for immediate termination of lease and surrender of keys: Arrest for felony, arrest for drug charges, DCF intervention , pets (all our properties were no pets allowed) , Failure to pay rent by the 15 of the month , Failure to provide proof of employment ,etc.

It's like the diet pill commercials for real estate investor wannabes.

I have a person that is on a lot of psychiatric drugs.

What do you get when you mix a few arrests, drug dealing and unpaid property taxes?

The crowd of people they keep around temporarily fills that emptiness and it becomes like a drug to them to have people around them if only to fill that void - be it true friends, associates or users.