Purchase price $53K cash, used LLC - Lesson learned with buying cash...killed my liquidity- 11 months in ownership the tenant destroyed the property, stole all the appliances and even stole the interior door, then locked me out of the property.- A year later I built up money for rehab (cash + busn credit card) - $30K - rehabbed the entire house, except the roof, windows and doors.- Property now rented for $1000 per mth- Current Value Estimates: Redfin - $114K, Trulia - $113K, Zillow: $113K; still doing research on comps because the area is hit and miss so last I saw was a projected $100K***************************************************************************************************************************- Navy Federal Credit Union say they can do 65% of original purchase price in cash out refinance - $34K- Hard-money lender offered $30K at 9.9% for 6 months as rehab loan, which I'd use to replace roof, windows, doors, and cutdown at few trees;  then cashout refi for 50% of the appraised value between 6 and 9 % depending on personal credit.

After a recent fire that destroyed one of my park-owned homes, I am determined to sell them all.I bought this community for $694,000 with 8 park-owned homes and two single-family homes.

Over the many years, I've seen these things destroy a lot of people.IMO for a short time they provide happy days, but inside them is the shark that will "come a callin' ".As a very conservative investor, these are not on my Swiss Army Knife, but I recognize the Risk/Reward situations they are used for.

It really depends - sometimes with foreclosures, the owners are so upset they're losing their home, they will start destroying it.

I'm a bit hesitant because sports have destroyed my body haha.

Offer Update : I Surprised the seller by coming up to his ask but i couldn't budge on that closing paid concession from him . when the money down turned to 23-30k the returns get destroyed. with the idea of adding at least a fence . at that point it breaks 10% CoC .

Are you allowed to sue them when they destroy it (because you couldn't check if they had had done that before)?

A bad PM can destroy a solid investment.

So, can you handle it if the property is completely destroyed by an earthquake?

We have had major wild fires, which destroyed thousands of homes.