You don't need to buy properties that are totally destroyed and in need of major renovation.

They turned it into a rental and the current tenants after 3 years destroyed the place.

It was in the basement, so as long as it didn't destroy the floor system above I hope it would be ok.

An incontinent cat can destroy all the floors in a house.I don't actually disagree with you on pets, just want to point out that it's not all lollipops and rainbows.

However a big positives to landlording in Japan is that your property is not likely to be destroyed by the tenant or vandalized during a vacancy.I wish I could attend the BP meetups, but 2 hours away on a weeknight makes it rather tough, especially because if I stay to the end, the  trains  stop running before I can make it home.

The weak will get destroyed or lose a lot of money.

My son and I were having a real estate discussion this afternoon, and came up with a question that we weren't sure how to answer.If you have a rental house that is fully depreciated, and is then destroyed - natural disaster, fire, bulldozer, whatever - and then the land is sold, is the depreciation recaptured?

Great save as this home was on the list to be destroyed as new homes come into the area.

Solar panels and a clean grid combined with heat pumps is 100% renewable whereas oil gas and propane are destroying our planet at an ever-increasing clip.

THEN you'll understand (and laugh about) an outsider who, after seeing a destroyed unit says, "how can people actually LIVE like that?"