I heard that there can be a lot of financial complications if the tenant is late on a payment, I wont be able to kick her/him out and have to forclose on myself first ... is that correct?

In the event someone is injured or if somethings gets destroyed on these properties, it's not the kind of exposure you want to have.Try Insurance Tek, Inc. at 888 505-1555.

Ultimately we all as property owners pay the price since the pipeline is already backed up with short sale proposals and once filled, the overflow ends up as REO's which destroy property values.

I cant believe some people waste their time destroying a property like that.Does anyone here rehab these kind of properties and make money on them?

It was odd how we had did not have this problem with same demographic, same rents, and even similar buildings without the special, those tenant still paid ok.We saw it as an incentive for an individual (once qualified of course) to save some cash and get in a new place, it didn't pan out near what we expected and we wont be working it again.Yes, we have done many sixth month free, last month free, December free for Christmas deals over the years, this was more of trying to relate to current market conditions and demand.Lesson we learned, the more you are willing to give, the more likely you will be burned.

Some of the address' wont pull up at the tax assessors office (at least where I'm from) and they referred me to to check it out at the electric company and when I went they found all the property owners and numbers I was looking for.

Then destroy every possible nuclear site in Iran!

I beleive Lucas County residents get some credits for primary residence and owner occupied etc, but we as investors wont' be getting none of that. 

@Jeff Bridges  best of luck  NO BUYING in the HOOD  I know @Curt Davis  wont steer you there that I know.

And it likely wont change until we get the problem tenants out.