I got away from it as I didn't want to be liable for it getting lost/stolen.

The worst property we bought was an $18,000.00 'Wrecking Ball Special' which had not been taken care of and vandals had painted on the outside, thieves had broken in and stolen things but not the wiring luckily. 

Also I just used a POD for my mom's estate and it was fantastic--great company... so I was thinking about that, but apparently I'd have to hire someone to MOVE HER STUFF, and if they're not bonded and insured, she could come back and haunt me if she claims something is stolen! 

I wrote a Post with the Heading "  A Stolen WILL that Contains My Quit Claim Deed & Title to Home !?

It doesn't take a lot of $1000 vacancies to add up real quick.And yes, sometimes they will get torn up, stuff will get stolen, etc, but if you BUY IT RIGHT to begin with, and count those factors in, then you're good to go!

This home was stolen from the Black community in the subprime mortgage crisis, and it's been sitting vacant for nearly years," said Walker in a November press release.The last sentence of the article did surprise me - "Law enforcement were ordered to forcibly remove any occupants of the house if it is not vacant within five days."

I communicate it via email, text, or a phone call.Now, IF the offer gets accepted, I insist on an inspection period where I can really dig in and do my due diligence (contractor + inspection + discussions with property manager & realtor + deeper dive on comps, rent projections, neighborhood, property taxes, etc.)If I learn something during my due diligence period that changes what I’m able to offer, I communicate that to the seller and we either agree on a new price, or we cancel the agreement.Also, since I’m under contract, the deal can’t be stolen away by another investor, and I have time to decide if I really want to buy it or not.

-U&O are waaaay more lax than the suburbs-Low TaxesPhilly Cons-COMPETITION (like any metropolitian area)-Sloth bureaucracy (permit pulling, plan approval)-4.28% Transfer taxSuburbs Pros-School systems that sell homes, not blocks-Safety of your equipment/materials not getting stolen-less competition (unless you are by a university or the #1 school district)-Permits/inspections are handled on micro level, usually takes a fraction of the time as it does in Philly.

It wouldn't be a bad idea to record the appraiser while they are inside just in case you need to prove anything (something was stolen, damaged, touched, etc.).

These are the neighborhoods where your AC units get stolen and wiring stripped during vacancies.