If these type of damages occur in the future, I would recommend holding the tenants deposit, or if there is a claim to be made through the insurance you sell them you could approach that avenue.

Here’s the approach I’d take, blending strategy and action: 1.

While I appreciate that & don't want to push them out, they are well below market rate & the unit is a disgusting mess, approaching hoarder status.

I want to refi and pull some of that equity out ($200-$250k) so I can keep growing my portfolio but I'm not sure how to approach it as it would obliterate the cash flow I currently have, and in the current market I won't be able to make up for it with additional properties as they would also have minimal cash flow.

Best approach is to have your "team" set, before going out to secure properties. 

Most people with lots of money have a higher chance of being audited anyway.4) The government does not hate bitcoin, it has been adopting a wait and see approach but I encourage you to read actual government statements like the one released today by the SEC chief on ICOs.

I’d love to hear more about how you approach finding these under-$2M properties and what strategies you’re implementing for operations optimization.

Quote from @Bruce Woodruff: There is the black and white approach where only $100mm and 4% body fat are acceptable.

While it’s possible the machines could keep on chugging for years to come, I always like to take the conservative approach.

Of course I always approach the market with a higher rent value.