I have a tenant that moved into a small residential property of mine and even though we had rehabbed it, apparently we screwed up and didn’t get the proper permits pulled (honest mistake, whoops).Subsequently, the city determined the home shouldn’t have been occupied until we went through the permitting process again and therefore we asked the tenant to leave the premises indefinitely.After they left, we got a letter from an attorney the tenant retained demanding around $30k for pain and suffering, legal fees, moving costs, etc.I took the advice of my attorney and we went to court over it, as they literally wouldn’t settle, and at the time,it seemed like $30k for a house for a $800 a month house was highway robbery at best.This all started in 2017 believe it or not, and we are still no closer to having an actual day in court.

@Antwoine McCoy, I also wont be able to tune in at the scheduled time but would love to hear what you have to say.

When I have longer term tenants, I pretty regularly upgrade items that have suffered from general wear and tear.

With the last 8+ years of appreciation most larger markets likely wont see a drop enough to need a large amount of short sale disposition. 

So at least you wont have to worry about him moving out because he is buying a house.

A one man show wont be able to do everything in a major rehab.

Some parts of the country have remained remarkably stable in prices, like where I am in Hennepin County, but others such as parts of NJ have suffered.

One thing of relevance here is this person states  she does have the ability to pay but wont. 

otherwise you wont know when someone is being honest and or scope of work. 

Even if Drexel suffered a set back, or worse, it's right next to UPenn and 30th street station.