Risks include defaulting tenants, excess wear and tear, higher crime rates and more.   

Does anyone know of a reputable contractor who can help with tear down and complete renovation?  

During move out inspection no physical damage was identified that could be considered more than normal wear and tear.

Demo'd tear-down structures, installed roads, utilities, pavilion, fishing pond and other amenities with HOA for residential end buyers wanting to build their own homes or mini-farms with loose restrictions.

We are doing a tear down of our long time weekend place and working with a builder on a decent sized home..

@Theresa Harris since he is moving in with a fairly big dog and his belongings this will increase wear and tear on the property.

I still did fantastically well on appreciation, so don't shed a tear for me ... sometimes better to be lucky than good, but best to be both :) I'm going to sit tight a bit and see what happens with the market, but may eventually put the funds to work locally as a hard money lender so I can stay hands off as my Roth IRA LLC requires for those funds but still keep a close eye on it.

I'm not talking about normal wear and tear.

@Marek Kucharski - in most cases, holes in wall due to mounting is considered normal wear and tear.

Some of the posts suggested this as being normal wear and tear.