It's crazy how quickly you can go from a decent neighborhood with beautiful architecture to crappy apartment buildings which are crumbling into the ground occupied by drug addicts.I'll be looking for a PM company in the L/A area sooner rather than later.

Although I required an application and background check, I allowed a previous drug user with multiple convictions occupy the premises because of his subsidized housing backing.

Although I required an application and background check, I allowed a previous drug user with multiple convictions occupy the premises because of his subsidized housing backing.

No option to waive it if you set it up like that.Sometimes I think it is like trying to reason with a drug addict or drunk person. 

I’m a police officer out here as well so I see a lot of things first hand- there are some neighborhoods in Brooklyn (SI too) that are riddled with so much crime, drugs and violence that I wouldn’t take a house in even if it was free. 

Having  multiple exit strategies (use/rent/flip) can help alleviate some risk, but you ALWAYS make your money when you buy.

Could you imagine if just a few small tenants had to pay the expenses of the then empty drug store and a supermarket? 

I think even the laziest Investor would at least send someone to drive by the property to see the if meth is involved in this endeavor, but believe it or not there are a few sources that will keep records of properties where a drug lab ever existed.

You get $30k from some random unacceptable source (friend who isn't family gifts it, drug money, Al Qaeda, sold a car or painting but didn't do any paperwork, you just walk into your bank with $30k cash and deposit it, it makes zero difference in the world, unacceptable is unacceptable).Your balance is $80k.You spend that $30k, doesn't matter on what.

Drug abuse?