Pet waste can completely ruin the carpet.

You may be honest and trustworthy but what about the few who ruin it for the rest?

@Jon Holdman can you clarify the difference between what the IRS considers a depreciable life and my right to go back to a tenant that ruined my carpet.

You might also want to write in that you have access prior to closing to "pre-rent" the units, but don't sign leases that start prior to closing and include a "subject to closing" clause in your lease in the event that the deal doesn't close so you are liable for damages with the tenant.Yes, this does change the dynamics of the deal slightly, but it doesn't ruin it, in my opinion.

My partner is there now, and both water tanks are ruined.

I just hope they don't start doing this often or it's going to really ruin it for investors.

I'm not sure how I could explain to a judge that a tenant had "ruined" a stainless fridge by destroying the finish with a scuff-pad.

The seller has usually one chance and you might ruin that for them.

Lose the property, get $0 and ruined credit.

I have a side by side duplex and this is always a concern of mine because if you have great tenants on one side adding a noisy tenant can certainly ruin that atmosphere.