(explanation: I charge one months rent to break the lease and they have continue paying rent and utilities until the next tenant moves in)I realize that many investors are able to purchase properties at a 70% discount, however they have not been available in my area.

Although mortgages were indeed dangerous in the 1930s and 1940s, the rules of money have changed and, unfortunately, your elders don’t realize this.

I have let one tenant paint and it was only because she is a professional painter and she showed me the color she wanted to paint the room before painting it.I went in to see her work about a week after she moved in and saw a caulk gun laying on the floor and I thought I left my caulk gun in her apartment, then I realized my caulk gun is orange and the one on the floor was yellow.

I didn't realize condo flipping still existed...in any market???

It is amazing how many of them are out there in this industry as well as the folks who do know what they are doing (but know one told them) and do not realize the caution one needs to have when working with someone else's credit and life especially in the emotional state most people are in when going through a foreclosure.

I don't understand much about what you are doing but have seen enough online marketing boom & busts to realize there's nothing stable to what you are doing.

As long as you're generating income what do you need to realize the capital gains for?

What prompted my post was me thinking back on all the tenants that I've had and realizing that the only problems have arisen from tenants that made it through my screening process but that I had a slight reservation about.

I use to live in Cleveland, OH and did not realize how dismal the economy was there until i moved away.

I just realized I didn't respond to your question that you asked back in April.