One example recently, I had an issue with a tenant breaking multiple house rules (smoking, party, extra guests, late check out) and causing damage and excessive clean up.

Not sure how much but there is at least some sheetrock damage.

I say that because if the property is built with cinderblocks or brick, I would take it on because its still solid and know that the water damage will only be on the HVAC, appliances and electrics.

But now they are trying to sue my brother for $44k for damages and pain/suffering.

I dont know the extent of the damage as I am out of state and didnt feel that was right to press questions on my manager given this just happened.

The lesson in all of this is that we had been lax landlords (or perhaps they were angry about the increased rent) because, frankly, the left a great deal of damage to the rental house. 

Legal fees and damages can outweigh whatever you "saved" by far.A good real estate attorney is cheap insurance.

Hey Guys,How much does it cost to repair freeze damage to a property?

The inspection revealed termite damage that may require the entire sill to be replaced.   

Certainly safer and more reliable.I say upgrade the service panel and any undersized/damaged wiring.