The best solution for us was to lay chicken wire down and cover it with cedar chips.

I know some here are die hard RE fans and would scowl at this but for me I liek to buy quality blue chip dividend paying companies that pay a healthy dividend which in turn throws off additional passive income.There are may ways to make money in RE.

Even if you think they'll cash flow well you can never predict how much your cash flow will be chipped away by rehab and improvement costs you might have to make with a more transient renter demographic and by higher turnover.

Tenants who are forced to move could fill up other empty spaces, helping to chip away at overall vacancy and enabling landlords to charge more money for space."

Bad paint, bad tile, grout chipping out of brand new tile, ugly drywall repairs, and just basically no attention to detail.  

I find that the hollow core doors also chip at the bottom and tops and over time look bad. 

It's time to consider taking some chips off the table when nothing meets your underwriting guidelines.  

Tenant/Buyer understands that disturbing painted surfaces may create paint chips which contain lead, such chips being hazardous to the Tenant/Buyer, other workers, and any occupants in the property.

It seems like a bargaining chip but I don’t know enough about this sort of thing.

But let me take it a step further:My statement regarding single family cap rates Chip found looking low, was based on what I am seeing currently in the market in Houston.