Those "gratefull" tenants then tore up the floorboards and anything else that would burn in order to not freeze to death during winter.

I hope they burn in hell!

Or will we all see him crash and burn in the future?

Keep in mind depending on your location u could be at peak market values, don't over leverage without capital to burn in hard times, also consider starting the conversation w the seller about a deal in the future...u might just see a dip in economy/mkt and reap the rewards of patience a few months down the line but I understand striking while the iron is hot too.

I did dozens with my banker at $250k-$300k before they started funding $1m+ loans.If your looking to buy during a down turn when no one wants to touch RE with a 10ft pole you had better have strong relationships with your banker and have access to lots of cash to get good deals.A $1m crash and burn in 2008 say a failing townhouse project, your going to need hundreds of thousands to get in and turn it around. 

When I had another house burn (in a college town, they are all new to smoking) in 2014 I had to quit painting portraits and go back to renovating.

I heard you can't burn in Davidson County, does anyone know if that is true? 

So trust me when I say it is all wrong and completely irrelevant what you said.And don't talk about "can you promise that Google won't flip and ruin your rankings".. it is like saying, "are you sure that you won't crash and burn in an accident tomorrow".

It could also be that her velocity of burn in attacking the maintenance backlog is exceeding the rate of cash flow ... and the property has not accumulated the necessary reserves {presumable due to the mentioned mismanagement}.   

Oops I actually typed what came to mind....I'm gonna burn in hell anyway!!!