We have a business, and a cost of that business is that tenants will sometimes destroy our rentals.

The entire community, including jobs, shopping, and retail, is destroyed.

You have to actually put in the work to destroy these houses.

I have walked away from a $4000 lien because a fire destroyed the property.

So averaging the 2 years absolutely destroyed my income.In my case, I am a W-2 employee to my own company with a set salary so it's such BS that they can't count my current year W-2 income but they can for employees of my company.

Evictions are taking about 4-5 months and we've had to pay some tenants to leave because evictions were taking to long and they were destroying our properties.Needless to say, come the new year, we're selling all of our properties in Rochester and reinvesting elsewhere.  

At the apartment complex I worked at, we offered furnished apartments and often times when people moved out they had destroyed the furniture (we were located by a large state university and most of our tenants were students).

>I might have to take an extended trip to San Diego to check out the scene more closely.I have not purchased since Dec 2021 (purchased $4m that month) because the rate has destroyed the cash flow in San Diego.  

I had to rip out three year old but totally destroyed carpet.

It would make sense that they charged it off as the physical building was destroyed by a hurricane (which is why the original owner stopped making payments and let it go) and the only thing that remains is the land.It's incredibly frustrating how these banks will not cooperate with people who want to buy property from them that they obviously don't want to own.