New research shows that flippers and investors are more responsible for the housing crash of 2008 and near economic collapse, then subprime borrowers per this article https://qz.com/1064061/house-flippers-triggered-the-us-housing-market-crash-not-poor-subprime-borrowers-a-new-study-shows/What are everyone's thoughts?

The house is half painted half original siding, 3 bedrooms of the 4 are not livable and the stairs to the basement feel like they could collapse at any second.

My thoughts:  The real estate crash last time was caused by very loose lending - and basically a collapse of the mortgage market.  

The media and news were promoting the broken economy, massive job losses, and a collapsed stock market, but I knew that I was ready to start my pursuit into real estate.

I’m thinking I just tear it down so it doesn’t collapse on a person or their property.

Since upstairs and downstairs share the same stack frequently, I would suspect a blockage or even pipe collapse down below the lower tenant.

When the buyer collapses you foreclose them out, keeping their million dollars and you can sell the property again and get another million from someone else. 

Also I didn't know anyother way.This was the most killer point in the entire thread:A common theme seems to be out of state investors buying cheap houses, doing $5,000 cosmetic "rehabs", renting them out, bragging about the positive cash flow for awhile and then BANG, a few months later they are back on BP, screaming bloody murder and complaining about the leaking roof that has caused a ceiling to collapse. and then we have Big @Ben Leybovich , piling on, pointing out the smeared lipstick on our $30k pigs, dancing on the dead carcass of the out of state investor, and "P r o b a b l y" wagging his "I told you so" finger at his computer screen, and grinning ear to ear as he pats himself on the back for being right again.  

Rotten food, dog crap, sex toys, drugs, boxes of junk, and really just decay and my business that I took 8 years to grow collapsing.

John,Remind your client what happen downtown Philadelphia with the collapse of that building that injured and killed a few people.