I had a tenant absolutly destroy one of my rentals.. ( ergo I am retiring from the business LOL)but it was so bad insurance covered it for not being normal wear and tear and willful destruction.  

@Engelo Rumora  Account Closed  Ok boys  we are going to meet at the Oyster house in Orlando.. and close that place downEngelo last time I was there I took Justin and the crew out and it cost me 400 bucks in Oysters  LOL talk about FUN... you guys would tear up a room together.. two of the great young guns in the market today  !

bigger pockets of course ..i wouldnt be surpised if there are at least 100 comments on this site ( probably a lot, lot more ) stating to always inspect or have someone you trust to inspect a investment property before you sign a contract .. that being said, you did not sign the contract and you got lucky in a sense because ( i am not a lawyer ) a unsigned contract is not a contract .. if the contract has both you and your wife listed as buyers and only she signed it then it is not enforceable ..because it is not a fully executed contract.. i personally think that the only way it would be resonable to buy a property sight unseen is if you got it at such a discount and that the land value was worth more than the purchase price , that way even if it was a tear down then you might be able make back your investment or more ..

I wanted to move there but the wife's work was down here .. oh well .. go out there and tear it up .. go make your fortune ..

I look towards Hendersonville and cool springs as well.I've got family buying homes in Nashville for 85 to 90$ sqft and tearing them down and selling 2 homes on the same piece of land divided into 2 for over 200$ sqft.The market is crazy because so many out of state people are moving in.  

I did the tear-out of the cabinets, sinks, and some walls in the kitchen and both bathrooms myself to save money.  

In some states it may take up to 24 months to foreclose on a property all the while the lender/seller would probably be paying insurance, accumulating property taxes, and suffering the effects of depreciation and wear and tear while the buyer/borrower collects rents and does no maintenance.  

Not always, but often you'll get more people living in the house than expected and often just more wear and tear. 

That makes 3 leads total for that area off of signs.Also have received two calls from people wanting us to tear their house down.

I asked them, given market rent in this neighborhood, and you have 5 people living here (which is fine, I said, but it puts more wear and tear on the place), plus a dog, what do you think would be a fair rent that you can afford?