The only thing that's going to stop this is for us to take our medicine by stopping the printing presses and jacking rates.

For example, if I can find a fixer for $120k + $30k renovations that has an ARV of say $200k then (according to the 70%rule) I slightly overpaid for the property but as far as having a loan on the property vs actual value of the property (sale price anyway)  I feel at least somewhat protected if the market falls...especially if it is a long term hold anyway...I personally feel almost all markets bounce back over time....BUT if we paid retail for the property and rely on the cash flow...forget it...I would never get a nights rest for fear of owing $200k on a property worth $150k and for $200-300 cash flow...not for me...but I appreciate how some have the stomach for that game...being mortgaged to the hilt and pressing their bets at all times that is....just very dangerous at our age 46 & 48...I'd love to retire someday and see more of this beautiful planet! 

My cousin is an accidental landlord, and as such wanted the most hassle free tenants. 

Unless this guy was protecting himself from these kids (and there is no reason to believe he was), I can't imagine any defense for his behavior.Unless additional details come out that support this guy's actions, I honestly hope they press charges.

Milwaukee are great as well, but so many people have Milwaukee, I went with Makita to ensure no one "accidentally" walked away with one of my tools.

One of these five countries will do something similar to what Germany did in 1921 where they ran the printing press on marks to stimulate the German economy through cheap exports.

Someone accidentally sent a wedding gift to her old address - my rent house.

Another sure sign of a bubble about to burst - lots of articles in the press about how it's not about to burst.

A lot of buy and hold investors start off as accidental landlords and it ends up working out very well for them.

In truth, the young man probably wouldn't press it if I said no, and both my son and the roommate with allergies like dogs (but roomie's parents pay his bills), but I want to be sure of the underlying legal stuff anyway.