Holes in walls and touching up paint after a single year isn’t normal wear and tear.

Less wear and tear and more passive 

Hello, So I have a "tear down" property under contract for 590k (+ closing costs). 

So I have this property in Inglewood Ca thats on 4,914 sqft lot and zoned R2 (duplex). The property has a beat up tiny house on it 360 sqft.The seller is asking for 400k I'm having trouble connecting the dots with my ...

Keep in mind, the property is tenant occupied, expect wear and tear on the home.

Don't want them tearing out a restaurant vent fan system and leaving a hole for you.3. 

Cleveland looks silly at its 120k average house and still has an oversupply. of housing. city tears down 700-800 houses per year. you don't see that in columbus. there was I think 50 million dollars set aside for the demolition of blighted structures and barely any Central Ohio communities or counties got one. it all went to the negative population growth areas like Cleveland, dayton, ohio valley

And in the long run that provides you profit, less wesr and tear on your property and lower maintenance costs, not to mention if you decide to sell the property, it added value to it.

Thank you everyone - This forum is truly a gold mind.Steve - I have been tearing through audio books while I drive and was in need of a good recommendation, I will defiantly check out Broken Windows.

They tear the homes they acquire to the studs and rebuild them to like-new condition.