Mainly, I want to see if my analysis holds water.

If they fail badly, your furnace or water heater will be pumping CO into the home.

She owes $98,000 on her mortgage and her house is worth about the same, but she said it needs a new roof, new hot water tank, and new carpet.

I foreclosed, dropping the min bid to $30K and it sold for $35K.

Jon, a clause regarding water damaged tenant possessions (and removal of them and other abandoned posessions) is something on my list to add.

If the market is glass of water, your asset value is the water.

Who pays for water and is it sub metered, trash, sewer etc and how old are the junction boxes and how large of an home will each lot hold?

Now the house has been dropping 5,000 each month and now it is down to 31,000.

You can discredit them in court.Typically these tenants get a pro bono attorney to try to file a bogus claim.The attorney hopes your insurance pays out instead of fighting it in court.The insurance then proceeds to raise your annual rates or drops you all together.You have to make sure to your insurance company and this attorney that you will vigorously defend yourself to the end before giving them one cent.Now if they have everything documented with date,pictures and went to see the doctor that day etc. then maybe there is a case.Most of the time these tenants are looking for a free lunch.

It suddenly dropped 38% in price and was gone before my every other day perusals of realtor.com coule detect this.