I don't like the idea of having your tenant's personal information (ss#) on paper with the chance of it getting lost of stolen. 

I mean, hey, I came late in life to financial sanity and the decision to invest and retire early, and made lots of stupid decisions early, but I'm in my mid 50's now and have people my age that are just pitiful.A friend of ours posted on Facebook that her husbands wallet was stolen and they don't know how they are going to survive till payday because it had almost a hundred dollars in it and now they can't buy gas to get to work.100 bucks is a disaster?  

I've had hot water tanks stolen on the way out, dead tenants left over (OD & or suicide typically) & even a couch through the 2nd story window.On a side note for everyone else out there.

Rehab Costs - $20,000.00Although flooring, paint and countertops won’t cost $20,000.00, from the pictures it seems some of the meters may have been stolen, so I am concerned that copper thieves may have gotten to it, so this accounts for unknown costs.

Be sure to watermark your photos with your business name and phone number to prevent your ad from being stolen.

Agree with many comments, my first investment property is not in a war zone but in a working class neighborhood yet had  broken front windows and a stolen air conditioner.

I was supposed to close this Friday but there were several delays with the appraisal (lockbox had been stolen when appraiser showed up, next time they came they were given the wrong code, etc).

There have been breakins in the area, as thiefs have stolen copper, AC units, etc...

I'm doing it for the cliche' reasons that I stated at the very top, but mostly because i'm very business minded and have been since I was very little, and real estate has been something  that has stolen my life (Because it's all i can think, read, and talk about!!)

But before I begin, I wanted to share with you some real estate investing philosophy that I will freely admit I've stolen from a stock trading seminar I studied a few years ago.