Rent is $800 so I'm assuming that also gets added to their debt ratio.People have criminal records such as possession of drugs but in some case they are dismissed or dropped.

I’m interested in hearing if anyone here has bought a poorly run self storage facility before and what the process looked like for acquiring it, transitioning management, and how you dealt with tenants who were consistently late, paid in cash only, lived in the units, dealt drugs from the units, and did other sketchy things.

Drug use, but no war zone.

I closed on my second rental property 6 months ago, a 4 family in the Boston/Worcester/Lowell area in a C neighborhood. 3 units are doing fine, but the fourth unit (inherited tenant) has gone from bad to worse and has now pretty clearly developed into a drug den and includes needles on the ground and people with ankle bracelets staying there not on the lease.

We received an emergency eviction due to drug dealing and safety issues. 

The owner of next door is a major slum lord, no repairs to the building, overcharges for rent, usually 50% of the tenants are drug dealers.

It was my gateway drug into the idea of real estate investing besides the podcast.

Most of these have drug out all summer long and many of these tenants haven't paid for most of the year. 

I don't think it's because the poor are all drug addicts.

This is also how we deal with drug dealers.