Even if I were found guilty, the cost would be in the thousands, not in the millions.

Whats more, there was damaged equipment that costs about 3k.

However, that can get costly quickly and slow things down.

In that case I write off the lost rent as cost of doing business, but I prefer that to the expense and hassle of an eviction, which typically ends up costing us more and takes longer, even though Milwaukee is still pretty landlord-friendly.I have also done cash for keys, but typically very conditional. 

In the long-run this could reduce turn-over, maintence costs, vacancy and the need in the first place to have to offer $500 discount off the first month's rent.

The other small hack... labor costs for tiling..

Keep in mind refinancing costs typically range from 2%-5% of the loan amount, so weigh the upfront costs against the long-term savings to see what works best for your goals.Good luck!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

From a transactional cost standpoint alone, the fees on the way in and on the way out require significant appreciation to break even.

It was a 1970s property, and when the plumbing needed an overhaul, I found myself scrambling to cover the costs.