I agree it's the holy grail to get in on a gentrifying area before the trend catches on and ride out the increased rents without technically doing any value-add.

In the old days (40 to 50 years ago), my father's favorite way to get paid the rent was "any way he could get it".For some tenants, we used to knock on doors every Friday or Saturday and get paid cash.I remember one time, before I started driving, my father was in the hospital and I had to ride all over town on my bike and collect rent.

Past Bridgeport it becomes a very long train ride to grand central, most buyers don't want to go past Bridgeport or maybe Stratford. 

@Brie Schmidt what are the price ranges I’m looking at for a safe neighborhood 1-1.5 hour train ride to downtown Chicago.

(a) If a condition results from an insured casualty loss, such as fire, smoke, hail, explosion, or a similar cause, the period for repair does not begin until the landlord receives the insurance proceeds.

You and I, as the little guys, get to ride on the coat tails of their greed.

If the neighbors know about him, I would just ride out the lease and not renew when the time comes. 

In Texas, you can choose Replacement Cost roof coverage, Actual Cash Value roof coverage (which factors age and depreciation to give a partial payout instead of full payout), or no coverage at all for wind & hail damage (an exclusion). 

I mean I have 10 million plus of those but that's inventory and I have a bunch of equity and well I never hold anything .. also coming into a little slower market I just wont get over my ski stips I might build 10 homes on spec in the 400 to 700 range but that's it.. if they don't sell I rent them and suffer a little negative to ride out the market and don't sell if prices are not in our favor.. so to use Thomas leverage ideas I do that a lot.. but just not on long term contingent debt..

Most newbies to intermediates are doing alot of substandard work and riding the hot market right now.