These are guys that drive jacked up 4x4's, chew tobacco in their sleep, smell like diesel fuel, have neck tats, and pretty loose with their money around women. 

I hear this on BP often and think what many fail to account for is that when/if prices do contract will you be prepared mentally to buy something that is percieved to be loosing value? 

They are not going to let you loose their money.Make sure you property manager is a licensed real estate brokerage.

you both can walk away from the deal at any point and did they have insurance....what I'm saying is most ppl sell as is due to lack of funds/interest in fixing the problems because they could invest $10k and make $50k when selling I would have the place reinspected and attempt to lower the price to cover most of the damages your already at the table nearing the finish line you have allot more power than you think speak to your attorney as to what you stand to loose by walking away like earnest money if u can accept what he says you stand to loose NEGOTIATE who else is coming to buy these pls damaged hurricane prone home but you, just FYI my first house asking was 380k as is I offered $300k then did an inspection and came down another $7k i represented myself the sellers agent yelled and cursed at me claimed I was trying to steal the house we closed 3 months later your at the table your better off doing the renovations yourself anyway 

I know that when my units loose their depreciation write-off they will need to be evaluated if they are still the best investment option (actually this evaluation is on-going but a significant parameter has changed after the depreciation can not be written off). 

@Isaiah Turner - it is a game of chess, screw up and you loose :D  If you're looking to start building wealth, buy and hold is the way to go.Use conservative rent estimates and run a conservative pro forma with plenty of reserves for capital improvement, vacancy, repair, and property management.  

It would not be appropriate in most state to put your personal residence in a land trusts as you could be losing your homestead protection and also may be loosing some property tax cap limit on homestead residence.I do however agree on the land trust strategy for all other real estate property that you own.

I think the term 'value' was being used too loosely. 

it could be some wires became loose at one of the outlets in the series ,or just a bad gfi switch

I was originally told no & only after pounding the pavement & finding 1 other broker out of many who was semi on board with my business model I put in my notice with the ERA broker.The ERA broker not wanting to loose me as an income source as I was one of his top agents decided to let me run it through his company.