Its the professional PM's job to enforce the lease, and the only armor a sensitive guy like me has when I do this is that my responsibility is to my client, not the train wreck of humanity happening in front of me.And like the author, the skeptic in me wonders how half of my "victims" manage to clothe themselves on a daily basis....new cars, phones, hairdo, and can't pay rent. 

Family always complicates things and you don't want to wreck a good relationship for 30k, it's never worth it!

If they rent cars from you could a wreck lead to issues that would effect their lease arrangement?

I agree while the barrier of entry in terms of price point is lower, future increases in property tax can wreck havoc to the math.

We transformed it from a wrecked modern-style home to a street-of-dreams level Tuscan Ranch home.

To Cory's point, if you short sale and wreck your credit, it may be more difficult for you to get a loan on your next investment.

If you don't make the payments, you'll wreck her credit.

Absolutely crazy prices and houses that are a wreck going for over asking price.

Don't know this company or what they do, but every time I see an investor doing something and I ask "What were they thinking" I always watch what happens very closely. 9 times out of 10 it is a train wreck, but 1 in 10 I learn a whole lot.

If the walls are wrecked and the wiring is even partially stolen...move on to something else....if they neighborhood stole from it once...it will happen again either during your rehab or if it ever goes vacant.