They are relocating per their story (whether this is true) and he is unemployed but expecting a baby.

I think it’s reasonable for tenant to pay deductible if it really was their fault, if that’s allowed by your policy, but seems weird to me that you could expect tenant to know hanging a picture in that one spot would cause a leak.

@David Georgeson understand that you are frustrated, upset and basically looking for a scapegoat.Unfortunately, no PMC that knows what they are doing would be responsible for this.How do you realistically expect a PMC to keep someone from breaking into your property and illegally occupying it?

With lower rates (mid 5s) I am expecting prices to jump again in spring, as they have done basically every year for the last 15.

@Connor Thomas see our cut & paste knowledge below:------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Yea we are expecting someone to sue for restricting property owners rights. 

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

If you're getting back into the lending game for long-term hold investors, a realistic “ideal” loan might look like this:Rates: Somewhere around 6-8% interest, depending on the risk profile of the borrower and the property.LTV: 70-80% LTV is solid, especially if you're aiming for lower risk.Term: 5-10 years works for LTR investors who want stability.Fees: Reasonable origination fee (1-2%) is expected, but avoid nickel-and-diming borrowers with hidden fees.Prepayment: A soft prepayment penalty could be fair if paid off in the first couple of years, but after that, no penalties.Speed: Being able to close quickly (within a couple of weeks) would be a huge plus.In short, give investors a competitive rate, decent terms, and flexibility on prepayment, and you’re golden.

These areas offer excellent opportunities for long-term equity growth and solid rental income.Florida still has strong cap rates—you can expect 7-8% in year one, 8-10% in year two, and an average of 10-12% over five years.

It's got the Midwestern friendliness but with more energy and diversity than you might expect.