I was done then, and we ordered an eviction, for failure to adhere to city code and violating her contract with HUD, which terminated her housing voucher and her lease.

it is better to hear failure stories.

I wouldn’t tear it out and Sheetrock unless there was a cataclysmic failure in one room or one wall for some reason.

The best is when you have a last minute inspection failure, pipe burst, spot of mold, etc that you need taken care of now because it is holding everything else up.

I would guess there would be some that may buy into the housing market just to loose the house when a major problem arose such a new roof, main plumbing line failure, etc. 

I have tons of ambition and know the value of hard work and failure, when I first got into the Pipefitter's union I spent over 3500 hours learning how to weld (40 hours a week for 18 straight weeks, with NO PAY) before I was able to take a certification test, and then after that, I was able to get on the list to go to work. 

RESIDENCE/RENTAL HISTORY1.We will examine the most recent seven years of residence history.2.Home ownership will be verified through the tax assessors office and/or credit report.3.Rental history will be verified through the property owner and/or rental agent. 4.Rental history reflecting any unpaid past due rent, damages or fees will result in denial.5.Rental history showing excessive property damage, excessive noise, or unruly behavior will result in denial.6.Three or more notices for failure to pay rent and/or to comply with the terms of the rental agreement, within a 12 month period, will result in denial.7.A person with an eviction or unlawful detainer on their record may be approved if full restitution has been made.

Sounds like bad screening, failing to stay on top of the tenants, failing to file eviction or non-renew when the rent was late, failure to enforce the lease terms, failure to keep the rent at market rates, failure to inspect the property, etc.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

There are numerous cabins in each bedroom category that are both successes and failures.