The place was a wreck. 

But what I know of Jon's investments they were Higher end B to A'swhat Matt is warning about is the Low C D F that many investors that are newbies get sucked into.Look a the Morris invest threads.. that is a train wreck waiting to happen.

I would never allow cats, in they pee indoors it can wreck more than a dog doing the same.I would not hesitate to rent to someone with two dogs, if I meet and photograph the dogs and get extra rent (we also go $25/month each) and a higher deposit.  

She is a train wreck.

Cancer, bad car wrecks, etc. if you have no insurance you are bankrupt.

She won't be buying anytime soon due to a job loss two years ago and extended unemployment (credit wrecked).

A lease doesn't give them the ability to start wrecking the place!

Gotta love the 15-day lockout to investors on pure rehab inventory - imagine an OO couple pulling up in the driveway of some of these train wrecks and saying, "Oh, honey, this is the one!".

So in the last 12 months these are some of those kinds of unusual expenses:- replace oil tank $1800- replace Bilco door wrecked by tenant $950- replace sewer pipe clogged with roots $2000- repair neighbors gutters that were destroyed by one of our trees $250Anyone else have unusual/extenuating expense stories?

No liquidity + no experience + creative financing = high probability of a train wreck for someone (probably some already desperate homeowner).