Stay focused and close on the property, do not let an out of the blue crime destroy a future REI and cash flow. 

God forbid the property is destroyed by fire/flood. 

The lease was up recently and the tenants destroyed my property causing $10,000-$15,000 in damages.

If the tenant hates them and they destroy something, it's a generalized depiction of what they think of all Section 8.

This destroys the credit of the original owner who can then sue the subto buyer.Another issue is if the subto seller claims they were taken advantage of by the subto buyer at a vulnerable time (pre-foreclosure) and an attorney or regulator raises the question of equity skimming.

By law, the most recent purchase price is the default value and it is impossible to overcome unless the property was destroyed after the recent purchase.

Appliances look nice until the pet hair destroys the fan on your nice stainless steel fridge and you are out another $1k+ to replace it... 

These logs regularly end up in the Tax Court and are usually destroyed upon review.

So everyone take a Quaalude or whatever it is people use nowadays.As to “The Texas Banking Commission destroyed Quest” and “Boy, did Quincy mess up” crowd: Screw you and your backbiting ways.First, I am biased.

They want to ensure against potentially lending on a property which may be destroyed/badly damaged.