And maybe some tenants who can't find the type of unit you are offering in that particular area, so they're willing to gamble you'll get the work done on time, and that it will be done right.But, even then, I think you'll be renting to people who will be coming into the rental with an eye that is looking for problems and things to complain about.  

But, they spend a great deal of it gambling at the local casino or on cigarettes or going out to the local bars or restaurants, etc., and they can't afford a car because of it, and are always looking for a handout.Then, there are those like me and many of my neighbors, who don't smoke, or go gambling or go out drinking or to restaurants, and always pay their rent on time, and have savings accounts,  and wouldn't dream of asking for a break.It's not just because a tenant can't afford to - or doesn't want to - own their own home, that a tenant ends up in a position to ask you to put up with them getting behind on rent.  

But I see other seniors in my building with gambling problems (lots of Indian casinos around here), who smoke cigarettes and/or pot, who spend their money at the local bar, going out to eat, buying new clothes, etc.  

Sorry to spam your thread.  

However, that's a gamble and not a good business model afaiac.

Hello,Sorry for the spam as I posted in the wrong forum,I am about to close on a deal on a 2005 8br/4ba (4/2 on each side) duplex that I was hoping to get analyzed as this is my very first investor purchase.Purchase Info:1.

A gamble.

You made some mistakes when you moved in by not protecting yourself, is it worth your time effort and expense or would you be better off simply accepting lesson learned.Many landlord will gamble the tenant will decide it is not worth the battle and those landlords are usually right.

I don't see huge upsides as there is only a few years left in the up swing and after transaction costs, it's not that fruitful to buy now and hold for another 5 years or so.Also, I'm in earthquake country and insurance is a gamble at best as they may deny a claim.

You do your best prior to move in to background check but there is always a bit of a gamble.