Also, with your 10-unit in Oregon under contract, how do you see rates and local bank relationships influencing your future projects?

Only if you can prove monetary damages due to negligence or fraud.

It was devastating the damage that just occurred due to hurricane Helene.

Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

It isn't worth the potential damage from less than stellar guests.

@Barry Ratliff, your question touches on two important aspects of tornado damage and HOA management.

On top of all that, they could be deported or willingly return to their country and there's no way for you to pursue legal action against them if they leave damages or unpaid bills.

This isn't solely a Philadelphia problem, but it's exasperated by the amount of power and influence City Council members have over their districts.

I have 8 doors with them and this last year one of my homes had massive fire damage. 

They brought in awful tenants that turned our property into a party house and caused thousands in damages.