As they do not have any money to claim back they just leave and trash the property and then I go through a major number of repairs, the only advise that the PM is suggesting me is to get the invoice and send this to 'collections' but I never see this money back.

Hello everyone -So I just wrapped up my first year as an investor and landlord (great experience so far) and I'm in a situation where I need to decide whether to take one of my tenants to small claims court or just eat the losses as a learning experience.The property I acquired is a commercial  office/warehouse property with 8 units: two units are shared and there was 1 vacancy.  

She claimed it was due to sanitary issues.

Hi @Ross Drucker,You know that Fannie's cap is 10 financed properties, right, not the 4 that many people claim?

What's to stop a person from going into a bank and claiming they intend to live in the property then once the financing is through, setting up tenants and moving on? 

Now the idea is to buy said house and burn it to ashes and claim insurance money to build.

One BP member contacted me offering a property under 60K claiming 160K ARV and 40K rehab.

We heard about FIRPTA, we will pay for property taxes of course but 15% withholding still sounds very high - any way around it or is is easy to claim it back if we have taxes paid?

And as a non-resident foreign national I don't believe you could claim this anyway ( good accountant who works specifically with foreign nationals will be your best friend right now).  

But I'd make sure I could defend myself in small claims court which may be difficult without a lease unless anything you withheld money for is glaringly obvious.