Property Condition Report: Document the property's condition with the tenant to manage future damage claims.4.

All the sunk costs are in the basement from structural, mechanical, water damage, asbestos, plumbing, etc.

Tan/brown neutral , and yes a little darker to hide stains....and not a Berber loop style, those look nice but are prone to damage...

If they are in an upstairs apartment and leak, the damage can extend to the downstairs unit.

For example, what if a tenant leaves with significant damage and it takes you $20k and a few months to make the unit rent ready again.

Things to consider: daily internal operations, external branding and operations, lending, in addition to inside out *legal protection and outside in** legal protection, privacy/anonymity/identity protection and security...Prevention measures at different levels, preventing the attack from being initiated vs preventing the attack (lawsuit) being successful vs reducing the damage of a successful attack.... there are many elements and I see people pick one and argue about it without looking at the whole

The potential damages would likely be less than what it would cost to litigate, especially on a smaller deal.

Unfortunately, appears you've gotten exactly what you deserved due to your poor screening.Hopefully, you've learned from this painful lesson.Hire a well-screened landlord-tenant attorney and evict them and sue for damages.

In general, tenants are liable for damages caused when they breach a duty.

Some of our properties that were cash flow negative initially now have the best cash flow thanks to rents going up in these great locations, and very little turnover, vacancy loss or tenant damage, etc.