The hood property there is a lot of tenant damage, evictions, multiple collections per month to get the full rent in bits and pieces, increased book keeping costs etc.

Did they bust your door down or do any property damage?

Well I was thinking the couple two, but that is one that has a recent bankruptcy and looks as if they had a decent judgement against them from an apartment complex, possibly during the bankruptcy situation.I dont know if thats back rent or damage or what.

The loan process atleast for residential financing has so much paperwork and governmental regulation that as a lender we get enough brain damage just from the operations of processing a loan.

The condo association has paid for damages both times but took 4 months to complete the second flood.

I am considering becoming a landlord but I'm worried because I've seen a couple posts about tenants causing thousands of dollars in damages.

A huge plus is that tenants don't do much damage or party too much when their landlord is next door and probably think twice about showing up in a new SUV while leaving rent unpaid!

got a question. lets say you purchase a tax lien, and before the property is redeemed or you acquire it thru quiet title, what happens if the house is burned down or damaged by the current owner or someone else??

Attorney bills, expert witness fees, damages...

Obviously, there is the potential that everything goes well with sharing, until one tenant accuses the other of stealing or damaging something, and then you have a problem on your hands.