Generally, when a debtor files for bankruptcy the automatic stay goes into effect, which is an injunction that enjoins pretty much every type of collection activity (look up that code section and read through the subsections).As a landlord, you even contacting the debtor-tenant with a bill or amount due or otherwise could easily be viewed as a violation of the automatic stay, which could expose you to liability (attorney fees, actual damages, punitive damages, emotional damages).

We purchased it the traditional way by going through an agent, we viewed some houses on our second trip out there and ended up picking one and going for it.

I also think many buildings I view are super outdated and I view the landlords as just milking the buildings and not putting money back into them so I view it as buying someone's else problem.

I'm not as cool or smart as you guys,  all I can report is that rental demand has been steady and a lot of buyers looking into the Ocean View area for investment purposes. 

If you've had viewings but no offers, try to get feedback from viewers to understand any concerns or objections they might have.

ITM=in the money, like intrinsic.OTM= out of the money, and what most would view it as non-investment grade.

View report*This link comes directly from our calculators, based on information input by the member who posted.This is my first attempt at making an educated calculation.

But those are nice cabins with more than one special factor: incredible views, high-end design, amenities.But I run numbers on potential short term rentals all day, and 4 out of 5 are less than 5% CoC.

But you're wasting your time until you know what that property is worth in your view and compared to the real market.

@Ranier Moore All properties should be viewed independently and for their own merits.