I have some auto-denials in the "review phase" based on landlord reference such as numerous late pays on rent, numerous documented lease violations, and move-out damages exceeded collected deposit... but still have yet to enter the "landlord reference/review phase" of my screening process due to the details on their CBR's as noted above. 

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

Whether you want to buy a 2-4 unit place where you live in 1 unit and rent out the rest or do something like a live in flip (where you fix up a house over the course of 2-3 years, move out and sell it to capture a tax free profit), it will mitigate your risk because it is where you live. 

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

Think about what you think is a reasonable number and get back to me.two days later she says 50K due to all of her furniture now having mold damage.

We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose.

To top it off their contractor used a saw to remove their lockbox and cut into my front door badly damaging it in several places, and they will not address that either.

I am sure everyone has seen the damage from the hurricane .

I hope he doesn't try to damage anything if I give him a notice of eviction. 

Ultimately, late rent/no rent payments or damage to the property can be extremely costly.