When you rack up a lot of debt the bank will tell you to pay it off so you can buy the next deal and then you’ll pay it off with the extra income that you’ll be making from the investment.

We are tearing these wooden boards off from the bottom half of the wall, and I definitely underestimated how many layers would be pulled off. 

You can also probably "harden" your units more by using different materials that are more tenant-proof, such a LVP flooring, use 1x4 wall cleats mounted on the studs for towel racks, door stoppers, only the necessary appliances for your market, semi-gloss paint and the same color throughout, simple or no landscaping, remove screen doors and replace with plexiglass, remove as many things that break as possible, remove any pull chords on fans and blinds that tenants always break, etc.

However, when you rack up unprecedented debt and run out of money and gimmicks, this is exactly the kind of problem that a government will face.

Then he sold it to me after one of the tenants racked up $5K debt with him during the COVID moratorium and the other screwed him for $2K more.

I was paying out of pocket for nearly a year and racking up credit card debt, making repairs just to try to get it rent ready again to pass inspection.

Skype) or phone consulting - year end tax minimization strategies for existing entities - SBA disaster loans (EIDL, PPP) advice specific to my needs- existing multiple entity review, consulting, cleanup & re-evaluation- document review - corporate tax return assistance & filing What I don't need:Entity formation (I use my own sources)Bookkeeping, misc. servicesWhat I've gleaned from initial free consultations:KKOS/MARK KOHLER:PROS:- past reviews seems to be altogether positive- I would likely be working with one of their partners, not Kohler himself (he charges $600.hr)- initial consultation fee applied to work- hourly rate off $350 - no membership programs but they do have specials like the entity cleanupCONS:- separate tax/accounting firm from the legal side- have no idea how many hours I might rack up- no experience with KKOS to date.ANDERSON ADVISORS:- Anderson's Tax Advantage Program: $2995 (in addition to the Platinum membership ($2995)- tax advisor assesses current business & tax situation - advance tax planning & prep- audit protection- living trust ($2,500)- Platinum Membership Enrollment Fee Waived + $35 a month- Business Continuity Program- Advanced Strategy Analyzer- Structure Implementation Workshop- Unlimited Attorney Consultations- Unlimited Questions with Tax Team (Tax Attorney, CPA, etc.)- Online Retirement Coach- Risk-Free Wealth AnalysisI had been a tax client of Anderson in prior years, but never signed up for any of their client programs.PROS:- I particularly like the fact they combine their legal and tax teams to figure out the right strategy customized to your situation and goals all under one roof - but that comes at a premium.- no hourly billing- attorneys licensed in NV where I operate- Platinum membership provides unlimited consultations, emails from their legal team as opposed to billable hours- in-house access with a Sr.

Tenants can stay and not pay, and when evictions start and they have a balance racked up, they just move out, knowing they may face some issues with future rentals, but not a big deal considering they saved on months of rent (and knowing they can just tell future landlords, that "yeah, that happened during COVID"). 

Rent was always on time or early and they left the place in move in condition, save for a nail hole and towel rack had pulled away from the wall.

This actually was kind of a "bad luck" apartment...after I got that person out and reno'ed the unit, my next tenant in there  seemed to be racking up huge electrical usage.