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.

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 vote that no one else should be allowed to post on this thread because Julie just destroyed it.

Everyone has a niche and this is destroying our ability to do that.

He had tenants in the house for two years that destroyed it.

If the cabins cannot be legally replaced, what would happen if a fire swept through and destroyed several cabins?

One mistake can cost you several years of cash flow and kill your attempt to build wealth, not to mention destroy your desire to continue with real estate investing.Remember: a cheaper PM doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

In fact, here is a link to an article very similar about the Ogallala Aquifer drying up written in 09.http://www.scientificamerican.com/article/the-ogal...I'm no scientist, but I do remember that matter can be neither created nor destroyed from high school.

On the other hand, if property values and rents do not change over time, then after inflation that is actually negative appreciation, and that destroys cash flow over time since CapEx always seem to keep up with inflation even if rents and prices do not.