We currently have a short term rental in Cocoa Beach & I love being a host!  Doing small things to surprise & delight guests makes me extremely happyI feel as if our lives have become much to revolved around t...

If they didn't tell you, you have no idea if the old stove could be repaired or why it broke. 

So for about $10 in monthly payments I will own a $111K house if I can keep it rented.You will go broke if you do this a lot, but its hard to get into an extremely nice house for less than $10K out of pocket. 

I've never run into this exact situation (I have had elderly people pass-away while in a lease agreement).I do remember chatting with the owner of a collection company about a tenant (wasn't my tenant) about a similar situation.To make a long story short an elderly tenant left, broke the lease, owed the money and got turned over to collections.  

The girl friend and I live in Louisville, Kentucky where I practice real estate as an agent and she works as a project manager for a design and architectural firm.

"I'm not poor, I'm just broke!"

As a born and raised central Oklahoma girl this was an interesting thread to read through!

Thats like saying that if the windows were 20 years old and the tenant broke every one, they wouldn't have to pay a thing.I do like the idea of calling the tenant and going thru the number with them.

99.9% of college kids are broke even if attending on scholarships), (2) working for a few months at a full-time job and quitting to go back and invest full time. 

I'm a Jersey girl, but have crossed the river for 9 years now, due to RE taxes.