Foreclosure list, absentee owners list bla bla bla... those people do NOT WANT TO SELL.Someone in foreclosure rather pour concrete down the drain, destroy cabinets and poop in the livinf room carpets beds and ceiling, than sell to you.Absentee owners?

I have seen some homes just recently that were destroyed within months by tenants.

If the property is already destroyed then the extra money is a plus.

Those homes too often become vacant and get stripped, destroying any value.

I had to evict some tenants, and they stole the bathroom sink, outside awning, destroyed some of the walls and carpets and stole the furnace and hot water heater.

You could quickly lose not only your investment, but also destroy your credit and make it very difficult to rebuild.

...when your friends ask you how you're doing, and you tell them how many properties you've viewed and offered on this week....when you're invited to your agent's birthday party of close friends....when you enjoy tenant applicant calls from CL because you think they are entertaining, not annoying....you enjoy bullet-proofing a rental property so tenants can't destroy it.

The mobile home units are grandfathered in and can stay, but if they were to burn down or be destroyed the town would not allow the owner to replace them. 

Just landed a 5 hour flight from LA to NY and I destroyed those Podcasts!

I love the idea though, it's basically like a NNN lease in commercial real estate, but a bit less scary IMO (since if one tenant leaves, you still have another 50 and there's not too much for them to destroy should they get angry at you).Anyway, see you around BP