I’ve dealt with water issues before including using water damage and remediation companies.

Jack MillerProbably but there is also a significant risk because these borrowers typically do not qualify for conventional financing so the default rate jumps from what is on average 3-5 % to well over 10%.Let’s say you get an extra $10 or $20k, I have seen borrowers do a lot more damage than that to a property as well.

They have straightforward eviction processes, no limits on how high rent can go, and not many rules on money kept for damage or how long someone can rent.

Sam - did you ever find a more cost effective solution to this than SaniStar?

Again 20-30% is fair.I have an almost 100 year apartment building where I pay some of the utilities. 60% is a fair estimate and it's often more than that.I have a couple of older houses in 'bad areas' where the tenants regularly trash the property causing thousands of dollars in damage and move out in the middle of the night.

Hi @Mike Lambert,Curious, how come you can’t boost returns as effectively with leverage in Spain vs the US?

When people refer to the Federal Reserve “setting rates,” they mean the effective federal funds rate or the rate at which banks charge other institutions on an overnight basis.

All damage that has been done to our place has been done by AirBNB guest.

I've also had major leaks that luckily have just flooded basements and not caused too much damage.  

You are effectively leveraging  the new purchase up at 100%.