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.

When Hurricane Ike hit several years ago I had to get three new roofs, a lot of new wooden fencing and some interior work done due to the leaking water from one of the destroyed roofs. 

I would also do periodic inspections to make sure they are not destroying the inside.

Or do you provide nice fixtures and appliances, only to watch the tenants destroy them?

@Rob Drum  I think part of this comes from those coming from the w2 world and for whatever reason they hate their job  hate their life and think buying rental property will be nirvana  LOL.I never quite got the hey I am going into landlording so I can be retired and never worry again.. granted its a business and you create income by RISKING a ton.. and then counting on others to pay you and not destroy your assets.. some areas are simply easier than others to achieve this..