I know this is a business, but have a little compassion.... this is a once in a lifetime (hopefully) tragedy.....epic destruction and chaos...people's lives destroyed....everything they own lost.

Kristina Heimstaedt , Christine Swaidan , @nick G, thanks for your feedback.This is our first rental, and like you said Nick, the tenants we had to evict (inherited tenants) destroyed it and have wiped out at least a year of profit.

They are usually new(er) investors and haven't had the (again, inevitable) $5K turnover that just destroyed 4 years worth of that $100 per month positive cash-flow.  

), there still will be opportunities created by home owners with small equity and a destroyed houses that will want to walk away.

We know those tenants don't have the money or income to collect against if they destroy our units, so its cheaper just to pay to get rid of them than to run those legal expenses and risks of further damages.My advice - this is a small enough amount that its worth it to try to settle and if that doesn't work, pay outright at closing.

Real estate is truly a relationship business so take consistent action rather than get overly excited and burnout.Always keep learning knowing that real estate will always be here (until we destroy our planet).Best wishes on your investing journey!

One it could be destroyed and the owner could take a loss of rent on their insurance (if they have this included)Two, they could have the tenant vacate for the portion of time that they need to fix the property back to habitability.

It's not likely, but it's not impossible a tornado could level this city, destroying my entire portfolio.

It's possible that if do this AFTER closing, you end up with a few evictions on your hands, which will destroy a good deal.My suggestion is to learn how the tenants feel before closing.

Think about it what if you close and it turns out the house is destoyed   Who is to say it was destroyed before or after the closing.