If you are a new investor and have no relationship with this person, I'd suggest you sit down with them face to face before any money changes hands, especially via wire.

From everything I've read, this should be covered by a landlord insurance policy that covers damage done by tenants (specifically, this tends to be categorized as Vandalism because the tenant is knowingly doing damage to your property).Here are some photos of the aftermathtldr; A tenant smoking meth cost my colleague over $25,000.The key takeaways here I believe are: 1) get a good insurance policy, being stingy might cost you years worth of profit, 2) screen your tenants well and inspect frequently (especially for lower class properties), and 3) be prepared for unexpected costs, this might be a rarer case but **** happens.Also I'm not a lawyer or insurance expert so you should consult professionals with regards to your state laws and local insurance policies to figure out how to cover yourself from a situation like this.I'm interested to hear if any of you have had to deal with something similar and also any suggestions you might have.

BP:Looking for recommendations for a Real Estate Attorney around the Hershey/Harrisburg PA area.  Want to make sure I choose the correct entity structure before starting my REI adventure.I appreciate your time.v/rMatthew

Any suggestions on how to find syndicators in the area?

@Henrietta MateakiA quick suggestion, since you say you can find great deals, is to call up some active wholesalers in your area and co-wholesale a property that you locate.

What suggestions do you have on whether to get a mortgage on the third house or keep as is?

Hi all,As the title indicates...looking for suggestions for commercial lenders in the Akron area.

Any suggestions?

I would suggest screening all the existing tenants before you commit, if you can, if not get the PM to do that.

I know Poconos is a big area, but I'm just looking for a few suggestions of towns that work better than others for short term rentals. - Any other help/recommendations would be greatly appreciated!