It's better to have no tenant than a tenant who sucks, doesn't pay, whines, or destroys the place.

It's about signing the deal.Opening the letter is not just "half the battle" it can destroy you.  

Stocks can be destroyed by factors totally out of your control. 

To fix the problem and avoid destroying their credit you are offering to buy their house, of course find more pro's to why you should be utilized and con's that may occur if you are not utilized.

My role is to figure out if they will pay on time without destroying the place.

If you only insure the property to $150K (to cover just your investment) then in the case of a total loss the insurance company hands your a check for $150K and you have a destroyed house that you have to demo and hopefully donate to the city. 

(never allow cats, they destroy properties). 

Like many people have said NJ taxes can destroy what would be a good deal.

1i pass by this destroyed property few days ago, i went on a property shark and got owners names, but when i looked for their information i cant really find anything.. it says it was some court order, not sure where to look for it, Any ideas appreciated . thank you!

He didn't destroy it but I had to spend about $500 to clean the carpets and the house, cut the grass and misc small stuff.