It's very easy to fail the biannual inspections because they're looking in occupied units, often with unreported maintenance issues.

I've had 1 rental that had a failed water heater and furnace within 4 month of purchase, I made a rush service call and they came out next day replaced them free of charge.

Someone will present you a deal that looks great on paper but will fail miserably.  

You have two posts buddy ( I guess three now, with your failed attempt at justifying your first two ridiculous strategies).

I came to the conclusion that owners can be their own worst enemies and can be a major reason their investment fails.. although they like to point fingers.. they just are not realistic as to what their tenant base is and what they bought.. ..

It's "live" as it updates behind the scene everytime you look at it, since various items might reach their lifetime expectancy and, based on that, should be replaced (obviously, they can fail much sooner, or last much longer than that).Using that spreadsheet I know what how much I should save in capital expense for each property every month, per year, which ones are past their lifetime and due for replacement, and a total for all properties (if all was to fail at the same time).

If it can be demonstrated that PMC failed its fiduciary duties in protecting the Owner's interest from the get go and at every turn causing great loss (eviction, damage) through no lease enforcement and negligence in screening, then forced Owner to have to file eviction and then seek to collect judgment via garnishment, then what recourse does the Owner have if the info that will allow the Owner to sue the employers are withheld from them by the PM?

If the tenants fail to comply within the specified timeframe, you can proceed with filing an eviction lawsuit in the appropriate court.

Whether or not people move forward with it (or anything else) is more about willingness to fail and perseverance.

this house was a failed listing last year.