Tenant has caused me a major repair job.

There are A LOT OF TRAPS along the way that can/will make the deal fall through (and cause you to lose your earnest money).

Often times business owners and real estate investors get caught up in the things that they have no control over (losing a deal, the weather, etc) which causes a lack of focus which can lead to poor results.

If you take the time to share some phone calls with a handful of prior investors, you should get a pretty good handle on what your experience is going to be like.The purpose of investing in a syndication is to leverage the sponsor's time, expertise, and ability to source great deals, but if the experience is going to cause you to lose sleep at night, any return you might make simply will not be worth it.All the best,Jack

I think local governments are getting wise to the problems that wholesalers can cause. 

Trying to get in that area before all the new building projects cause me to get priced out. 

Also from my understanding you would have to buy these houses with cash, however I know there are private lenders that are interested in court house purchases cause they typically have less competition. 

Renters insurance has coverage for tenant liability, so damages caused by the tenant should be covered by the renters insurance.

Hi Sally - Welcome.If you are considering investing in residential real estate in WA,  be aware that there are major changes coming in state law,  almost certainly including 'just cause' eviction rules (HB2453) this session,   and possibly also statewide rent control (HB2779) (less likely this session,  but IMO very likely in the medium/long term unfortunately)  that both if passed will substantially or even dramatically affect the level of risk, business model, and other aspects of owning and operating rental property.   

Sooo I am wondering what is my recourse now, they pay the rent and that's hard to find for the neighborhood...and I would like them to stay but the damages far exceed their security deposit.They say that their dogs did not cause the damage to the home.