It’ll be more wear and tear on the property at a minimum, and a major hassle as it can be a lot just scheduling showings for everybody as it is, now we’d have to schedule showings and inspections too.

And so in our case about 250k in cash sitting in escrow for 3 years and we finally won :) Tear down houses build three new ones and we still made a nice profit but not as much as if we just closed the darn thing of course..

This eliminates the need for a tear off and the expensive labor and disposal fees for that.

Equalling around 105k, definitely a tear down and rebuild property in a neighborhood where the ARV would be roughly 150-200k.

A sign company will have to tear down an existing sign to put a new one up.

Hopefully I am dodging a bullet on this one.Our neighborhood owners group is also petitioning the DOB and Elected Officials to take possession of and tear down the building.Thanks and I will continue to update.

Rents have been on a tear too.

These things happen but not from normal wear and tear at the rate we were receiving maintenance requests (2-3 a month).

Seems like he cannot differentiate btwn regular wear and tear and intentional damage/ Paint requirements: Interior walls, ceilings and other exposed surfaces in rental units must be kept smooth, clean, free of flaking, loose or peeling paint, plaster or paper and maintained in a sanitary condition.

Now this will cause rents to increase , but also you will find tenants bringing in more people to cover the rent . ( Causing more wear and tear ) .