In the photo to the left there is a smoke alarm in the far right corner above the steep winding stairs.

With all that being said, I find it alarming that investors are still paying for land as if the market is still skyrocketing.

Alarm $(400.00) $100 quarter Trash $(900.00) $75 mo.

The Tenant now has the resolve to fall down the stairs and test exactly how strong your lease and insurance is when they claim the landlord's at fault, or disable the fire alarms claiming they haven't worked in months and you did nothing about it, regardless of what your lease says as to who is responsible for maintaining them, god forbid they start an 'accidental' fire and now your insurer is looking to you as to why the smoke alarm was disconnected not wanting to pay out; you may get some of your $ back out after countless court sessions, time wasted and $$$$ for your lawyers to justify it all for you and set it straight, completely cutting hard into whatever investment strategy you may have had. 4 - Just because you put it in a lease, review it with them, have them sign it, have them take a picture with it, get their DNA on it... does NOT make it legal.

It's all so not uncommon for the identity thief to file for bankruptcy in the name of their victim.

That is why you have not applicants.Some of your comments about the agent alarms me.  

we did emergency lighting in stairwells, and  hallways,, had to LITERALLY station a Live person in building 24 hours a day to do a fire watch because smoke alarms did not work..

In the process, I found a homeowner that was fined $60 because of 4th false alarm of burglery.

I know this probably has alarm bells ringing at this point, the new guy that thinks he can make it buying up cheap properties in Detroit, but as David Green says in his book, a good property manager can have success with this.

I'm currently looking on a property in a quite respected and well beloved city in my country (Denmark for anyone interested)This current property, is currently priced at 1750000 DKK - Which is around 235k euros.The time it has been on the market is quite alarming, sitting at 2876 days so far.What would be a good lowballing bid?