I am not an attorney of course.. but I see this as a Civil Rico act complaint since there are so many different people in multiple jurisdictions.. then the regulators if they ever care to can move it to a criminal Rico.. or just garden variety wire fraud which is where most of these companies that defraud the public ( which according to all these BP posts if they are accurate and I have no reason to think they are not are correct) I kind of see Class action as more of a product liability vehicle.. but again I don't know just what I have seen personally in the business world.

Hey guys and gals, this is a example of a deal near me that I would appreciate your opinion on; checking to see if I am on the right track or not-This Garden Style 1980 built apartment complex is 50u, listed @$1595000($31,900/u)Listed NOI 158109Rents not listed{Estimated Cap 10}Listed vacancy: 60% 16u are single, 34 dble bedsPlan20% down ($319000) or 30% ($478000)Raise $500k-600k total to allow add’l costs/repair- plan might be to Reno/update< 20 units, landscaping, paint.For 10% cocr will need to net $32000- 45,000yr, actual 47000-62k per yearWith Market rent @$680 (average)and at 90% vacancy for 50u, roughly max GSI $367000Could Expect 10-19% cocr or >Strategy- Stabilize/Reposition then Cash out refiThanks!

I received a similar letter from a city and it related to 2 of the garden hose valves leaking pretty good. 

Kind Regards,Brent Moss

Potential applicants , assuming they are serious, withhold nothing.PS: A potential bad tenant will infill your interview questions with additional useless information to distract you and redirect the interview, they are often sickeningly sweet, offer to do work for free, rave about how great they think the place is, brag about there gardening abilities etc. 

If he's got a garden or lawn going and forgot and left the sprinklers on overnight a few times it could reach that... maybesounds more like a leak though, and not a small one.

Garden of the Gods,  now that is a great subject and one of the most attractive, nature parks in the Nation.We should talk about this.Johnny,  I would kick back for a couple months and reflect on the post you have been given by so many people with so much experience.Just chill for a moment and think out your dreams to build homes!

Hello BiggerPockets!

My name is David W. Paul and I am a private equity investor located in Northern Palm Beach County. I have noticed a great deal of big VC firms coming down and buying up real-estate at ma...

[I have had a roof leak (insurance covered, but still need to pay deductible), AC stolen (insurance covered but still need to pay deductible), tree fall onto my tenants car (turns out to be an "Act of God" but still paid the gardener to cut down the tree), and a tenant trash my place during an eviction.]If I didn't have a positive cashflow on my properties and used it to build a healthy cushion, these situations would have been more stressful.It's also important to look at what are you including in your expenses to calculate the cashflow.

East side chicago. 4 units 3brs and 1 garden.