I'm surprised by the unflinching demand in the Cape Fear region despite two major storms in the past few years (Matthew and Florence) and drinking water quality issues associated with the Cape Fear River.

Generally though, I break it down into the "five pillars" of protecting your assets.The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

No Fancy restaurants in the area, no bar tabs (As everyone knows I'm Mormon and don't drink) and remember I had $600 left over each month.I could use that money to fly to my Cancun Condo every couple months for a few weeks if I needed it, but didn't include that in the example.Thanks for the reply.

Had drinks and dinner with some key vendors and really strengthened our network.  

Are you in favor or stopping the sale of alcohol, because some people become alcoholics?

It will be like drinking from a firehose but you will get a feel for the industry in a short period of time.

Don’t drink the gravy if you don’t have the meatloaf, you know? 

I don't think these people would do that, but they are heavy drinkers, so not sure what they might do when the alcohol is speaking.I am interested to hear how all the experienced landlords on this forum deal with debt collection.

Ask the tenant how much he had been drinking when this happened and see the response.

For example an investor cannot have a business on the property that engages in any of the following “sin” businesses: any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, racetrack or other facility used for gambling, or any store the principal business of which is the sale of alcoholic beverages for consumption off premises.With these factors in mind, I would think caution would be in order for any investor looking to defer taxes through this program.