The property you has the typical stains on carpet, holes in walls (minor), and tada broken windows (alot).

They will get chipped, smudged, grease stained, and need repainting every few years.

If you had made an investment and lost it (cash out of pocket), then you typically can write it off, but if you never spent it or made it, I doubt it.Not sounding smart, but I suppose if you could write it off, what would prevent me from saying that every time I showed a house, I could have sold it and I should write off that commission as lost.

It may stave off the inevitable drop, but it won't prevent it.

I have a condo that is under contract. The buyer is now having some issues securing the financing as they are using stated income. I really don't want the deal to fall through so I've been kicking around some ideas ...

What will prevent future rentals from also becoming a nightmare?

The rules are to prevent preditory lending and excessive profit this is an honest deal with a reasonable profit.

If so, do you feel presenting a non-compete contract up front would have prevented it?

Born and raised in Northeastern PA, this condition has prevented me from staying with any single employer for very long, and has led me to believe that the only way to get to where I want to go, or at least the most practical way, is involved with real estate investing.

my sweet innocent tenent never cleaned a thing in 9 months , she stained the carpet , it took 26 passes with a steam cleaner to get the carpet looking like new , she kicked a hole in the wall , these are just a few things , total 1,500 dollars worth of clean up and damages, she paid 400 for security deposit , do i send her a bill for the difference or do i have to eat the diff, i took pictures before she moved in and of all the damages after she moved out , :shock: