In 2007 one of the restaurants caught on fire and burned down the whole building.

I probably could have found someone to do the job for $30-40K.In Milwaukee, I couldn't find a PM who could do the job I needed them to do for less than $100K, so I paid that (until I had to fire him because he ultimately wasn't qualified to do the work) -- now I can't even find a qualified replacement for that price.Of course, the work in Atlanta was easier than the work in Milwaukee (so there was a different skillset), and in general, cost of living in Atlanta is much less than Milwaukee.

Vandalism and malicious mischief is included on almost all landlord (dwelling fire) policies.

Hey guys,per CA law, there needs to be an ANNUAL fire extinguisher checkup at the property, that needs to be performed by OWNERS/AGENTS/PMs.

Basically, these "homeowners" have their names on a deed, but it probably isn't a house that they will be continuing to pay for ...I did have one homeowner look who had a house fire, and the re-build was going to take long enough that they would have to find a place to rent; but other than that, they are the typical "about to be foreclosed" types.

Well lets say I'm learning by the fire here on renting.

Three years ago the city and county dept of planning and permitting deemed one of my parking stalls as illegal because it is blocking a walkway and fire hose station.

Attempting to build in a lot of exits out of a contract may really back fire if the conditions are not common for your area.

I am fired up!

Hey guys,we purchased a 4-plex a year ago, however the tenants did not sign a lease with us rather than they stayed on a month-to-month basis.Since the CA law is very strict about smoke alarms, we just installed new fire alarms/carbon monoxide detectors at all units.