I'm wondering how do you deal with sudden changes that can occur if people don't respect the contract?

For your info, I might have changed a little since then but I actually had a house built for my wife and I back in 1984 and the mortgage was paid off about 22 years ago. 

Thank you to the BP world for having such great podcasts and helping us to make some large changes in our lives! 

Obviously the title doesn't change hands, and I do not believe there is any equitable interest in such a scenario (which also means one cannot market the property).

(ie, do you think capex should be higher for more drastic weather change?)

It then looks like this:Now the numbers look like this:CLEARLY it would be better to target properties where you would have increasing rents which then gives you some appreciation.Notice that the CoC Return can't change.

My wife and I have both recently changed jobs, and where we currently live just doesn't make any sense (45+ minute commute each way for both of us).

After delving deeper into the tenants information provided and credit, things changed.

These people are careless and they will not change.

I've seen these things eat chunks of grease-soaked drywall and wood from cabinets, so if  you've got some saturated wood in the cabinet, cleaning the surface won't get rid of them.You might also have to change carpets also - since there's really no way to fully clean carpet...I've also seen german roaches infesting a burned out unit feasting on burned greasy cabinets and walls.