Hello,I recently had a deal fall through that I need some advice on.  A property that I own was on the market.  An offer was received that I accepted.  On the initial agreement, it clearly stated that the buyer was go...

I wrote about this extensively here and also made reports to the SEC and FBI.

Now, three years later, my tenant reported cracks in every room—paint cracking and full-line cracks in the bathroom, living room, and bedroom (walls, ceiling).A drywall contractor looked at it and said it’s normal wear and tear, but I’m concerned since it’s in every room.

.- Have they filed a police report?

Calculate how much more in interest, lost profits, etc it will cost you to have this “blip” on your credit report.  

Get copies of their written reports.

Even the best property management companies (PMC) struggle with:- Finding reliable handyman and contractors (ServiceTechs)- Same with affordable ones- Tracking preventive maintenance- Tracking previous work for potential reoccurrence warranty coverage- Understanding tenant reported problems, so the correct ServiceTech can be dispatched- Determining if tenant is at fault for an issue & should be charged - and will proof stand up in court?

Quote from @Danielle B: I'm looking to get involved in Section 8 housing out-of-state - in OH.

Do you understand the added complexity, work involved, and costs? 

There was a news reporter at the sale and they interviewed the high bidder, who admitted that they had not seen the property, but were certain that they would be building their family home there.