If it goes bad they can walk away as they already got paid and it’s investors who suffer.

People in cold climates don't want to move in the winter, so you have much less demand and pricing does suffer.

Light colored towels and linens will probably suffer the most abuse.

The plumber usually just does the rough in and you get a handyman for the sheetrock and repaint stuff.I would think more litigation would be for patching things on the cheap and then the problem gets worse and the tenant suffers.

However, I would caution you on solely basing your investment criteria on high yields.These location will be great on paper but will almost certainly create problems in practice and cause cash flow to suffer due to the high risk of investing in such places. 

A tenant suffering an episode of depression that he was bedbound for a good part of the year.

Hi Michael,I see gentrification, in some areas, and some areas I would not go into day or night.I doubt D-Town will come back to level of Chicago or Austin in our lifetimes because I do not see the high paying large scale multi-multi employer base in the area.There seems to be money to be made there in the non-life threatening areas though, and with the local "Rah Rah" for the area that will probably continue as the dangerous element is driven out by higher costs (where they are going is important too, because dangerous areas seem to be on the move now).In addition to real estate, I see money to made there in (good affordable) startup restaurants, and franchises in super safe walkable areas such as McDonald's or Starbucks (because these franchises seem to work everywhere).Detroit still suffers from city government issues and it's reputation as the Murder Capital.Though I'm not a commercial building investor, I think 4 story or lower (the lower the better) commercial buildings (store/restaurant) that can be bought cheap and refurbished to current standards (providing you can get commercial contractors to go there and work), then held and rented seems like a decent prospect.

New York has suffered over the last 2-3 years with residents leaving and moving to mostly Florida, Texas, Pennsylvania.

The building suffered hurricane damage and has structural issues and ceiling issues.

The reason why the price is so low is because the building suffered hurricane damage.