My early years I had a couple of these would be investors destroy my quarter because I was too in experienced to know better.I love working with investors but I drop them fast if my “ time suck” radar goes off.

Landlords call in all the time complaining about increasing coverage on their insurance policy because the previous tenants destroyed the home.

The syndicate got into such bad litigation it destroyed his investment.Bottom line, I don’t think your retirement money is something to take risk with as a passive investor with no control on your investment, however, it’s up to you on how much risk you want to take.

Bottom line is he neglected his responsibilities and allow your tenant a free hand to destroy your property.Unfortunately it is your fault your PM did a poor job.

But I really want to get the insurance money for this last vandalization, cuz it was a few thousand dollars of work that was destroyed.  

@Marty True, you are not in lending, so you don't have the Daily issues with borrowers who act like running their credit is going to totally destroy their hopes of getting a loan.  

Also it is Detroit I realize some people are making a killing, but more than likely you will have to hire security also to keep your rehab going forward, so your work is not destroyed and stolen.

As an investor I'm more than happy to pick up properties that have been destroyed but I caution you to be careful when approaching owners who are unfamiliar with the lease option.

What these guys are saying is that as a result of a rule that made sense in a different era under different circumstances someone is knowingly going to pull the trigger and unnecessarily destroy over $100 billion in capital.So even though these properties are healthy and performing excellently, they will be destroyed.I am so very glad that I am now a retired banker, as I cannot see myself in good conscience functioning in a climate where a sub mediocre bureaucracy blindly enforces a rule because it's there.

The agent that even if they rented it as is, its condition is so poor that any renter would destroy it further.