I purchased a three unit place a year and three months ago, today the tenant in one unit complained that the carpet in the bedroom was soaked with water from the toilet two years ago and wants the carpet replaced.She believes its my responsibility, I beg to differ but don't want to say either way till I have a definitive answer.

For instance, I know that a full gut and remodel including new toilet, new vanity, mirror, sink, glass door enclosure, stone/tile on shower walls, etc will run me $2500 per bathroom.

If there's a product that's suitable for it, I would love to hear about it.Steve, unfortunately the vanity is rotted out next to the toilet, and doesn't look savable.

They think if they weren't physically removed from the house, it wasn't an eviction.I now ask, "Has a landlord ever filed court papers against you?"

If it is an older basic hinge you could shim the hinge with some paper wedges behind where it is mounted.

The banks want to get rid of that bad paper.

There is a problem though....THE PROBLEM: Or at least a problem to me.....If this property looks this good on paper, then why is the seller trying the move the property?

I AM PI$$ED , I grab a black magic marker and write directly on both doors of the house , not on paper .

Investing in notes provides a higher yield than is typically available in rentals, however you don't benefit from leverage or appreciation (unless you are buying problem paper at a discount).

So far it's cost me a few bucks in time, gas, paper & other materials.