The other one seems to have a drug problem and has been one I'd like to get rid of anyway.

Will use professional management company to manage it and keep it under tight control (no drugs, etc)My partner and I are not experienced in large deals like this.

Jk but ive heard something about if your house has drugs or maybe its just if there was a drugdealer in it, there are severe consequences to the landlord.  

It's not like there was a gang or drug dealers in a run down house shooting out the windows at everyone, it's just one crazy guy who ended up shooting himself in the end so I don't think it's a neighborhood issue.  

I drug my feet too long and the property got snatched up by a 1031 exchange.

But how are the Lonnie Dealers working around this? 

If I can get a dealer to closed in the next few months, I would plan on dumping most of the profits into further marketing.

I am very familiar with this rule of thumb, however it seems so misguided and arbitrary and takes into account almost nothing other than a base rental assumption.Say you've got a 10 unit building and most tenants are drug addicts and are paying below market rents and the property is old and serious repairs are most likely imminent, you are probably looking at 90% of your rent for expenses.

I'm a used car dealer flipping cars.

Bottom line, seller financing, ownership reverts back from a default and cash loans create a lien interest or title interest intended to allow a lender to recover their advances, to be made whole, not to become a predatory dealer in that collateral.