For most of the homes the carpets alone were $3200 to $4900 plus two coats of paint on every wall and ceiling, replacing broken bathroom sinks, kitchen sinks, faucets, repairing air conditioners, replacing cracked times on roof 36 feet high, bringing in 4 to 8 tons of rocks to make the yards look nice, trimming trees, repairing sprinkler systems and the piping, replacing refrigerators, stoves, washing machines clothes dryers, water heaters, painting garage floors ceilings and walls, bringing in 20-yard trash bins to remove all the carpets, trees trimmings and trash left by tenants, replacing all the window blinds, door knobs that are broken and locks for the main door and locks for the garage door so the keys match, repairing garage door openers that are broke, repairing the garage door rollers and seals, painting the trim outside the house, replacing facia boards that are 36 feet high, replacing window screens and the screens on sliding doors, replacing entire windows just because tenants broke the window locks and they cannot be repaired, replacing kitchen counter tops that are destroyed, replacing all the kitchen doors and drawers because tenants destroyer the cabinets by hanging their wet laundry in the kitchen cabinet doors to dry. replacing garbage disposers, dishwashers and the list goes on and on.

Disposable income is very alluring, you can get new clothes, get a new phone, buy stuff for your hobbies.

For the kitchen I added a dish cloth, two wine glasses, a bottle of non-alcoholic wine and a Ikea metal fruit basket.   

And your Father who sees in secret will repay you.Matthew 25:35-36For I was hungry and you gave me food, I was thirsty and you gave me drink, a stranger and you welcomed me, naked and you clothed me, ill and you cared for me, in prison and you visited me.Galatians 2:10Only, we were to be mindful of the poor,* which is the very thing I was eager to do.1 Timothy 6:18Tell them to do good, to be rich in good works, to be generous, ready to share1 John 3:17-18If someone who has worldly means sees a brother in need and refuses him compassion, how can the love of God remain in him?

If you calculate just college student debt, getting married, having kids, buying cars for transportation, health insurance, having a house, food, clothing, etc. the system is designed for the public to make just enough to survive to live another day.

The front porch is just covered in all kinds of **** like cloths and garbage.

One house I got at an auction, was literately an episode of hoarders--- there were clothes/stuff, piled roughly 3ft high throughout the 1000 sq ft house. 

Originally posted by @Jay Hinrichs:... they only have to make 1800 a month to qualify.. take off 625 for rent 200 for utls  50 for phone  50 for tv and that leaves them 800 a month to pay for transportation food and clothing.. how stable long term do you think that renter is..  

Or if you were the owner who spent hundreds of thousands of dollars on professional decorations, table clothes, silverware, real estate rent, taxes, insurance, etc. and some $5 subway folks come in and take up space that other customers would otherwise occupy so they can schmooze/network with clients to attempt to make themselves rich? 

From what I hear from the experts here, they like to have at least a 30% equity position, so the market can drop that much and they can still sell out from under it without losing their shirts or any other articles of clothing.