You should steel yourself for a total loss, but if you can inflict sufficient pain on the scam artist, it may cause him to change his ways.

So, self-inflicted student debt based on race, huh? 

Even a small gator can inflict serious damage.These days I put my money in cash-flow mortgage notes.  

I do both residential and investment/rental/ comm. loans, but given the over regulation and crushing effects of the Dodd Frank Act has been inflicted on American borrowers, like many Mortgage Brokers, I am doing a lot more investment / rental loans.Plus, if the loan is for a rental property, most lenders don't treat them the same as the big banks who cast a broad net over all their programs and treat them like a Fannie Mae type loan.

It makes it much more real for, in this case, the newbie.I want share with you both that I'm very familiar with the damage failing to perform within a sub to deal can inflict on a seller. 

It's case law that tenants who enter the eviction process thereby forfeit the full amount of their security deposit due to the emotional damages they inflict on the landlord -- the deposit automatically converts to a judgment to compensate you for your pain and suffering not knowing what's going to happen to your rental.

We have not had too much tenant inflicted damage but we have had plenty of work that had to be dealt with.

The funny thing is that after you already have a house under contract, it makes it much easier to put out lower offer prices because there isn't the self-inflicted pressures to find a deal at that point.  

This makes me believe these tenants have a tendency to be problematic and prone to issues, whether self-inflicted or not. 

I've been very hands on on my properties and I can't always find good help to get rid of the kind of stuff, grime and chaos my tenants have left behind, these are the same tenants posting their eviction story on facebook, crying about their "evil," landlord, as if thou expecting people to pay rent is somehow inflicting harm on society.