There are some very clever tenants out there who will take advantage of any holes in your lease, plus you don't want to be doing anything illegal, right?

If yes, he or she is the best person to explain the monetary impact of these terms. 

It had holes in the walls, all the banisters were ripped out, sliding glass door for the backyard needs to be replaced, needs new tiling in the kitchen, needs new toilets and sinks, all the cabinets in the kitchen and bathrooms need to be replaced, and needs new carpet and paint.

Sure, they have to "pay" back rents, but what good is a monetary judgement in court? 

BK attorneys will be contacting them.. realtors  Mortgage lenders.. so at the end of the day what starts at the wide part of the funnel and actually goes to sale comes out a small hole at the bottom.. that's kind of my thought. 

Only gripe I have is turnover has been higher than I would have liked but I am still cash flowing $1000/month and duplex will cash flow $700/month (despite a large hit in year one where I was $3K in the hole because of vacancy ) and at least according to Zillow the properties have appreciated a good amount.

There are several legal loop holes you can miss by using your IRA to invest.

After the inspection, found a few issues that needed to be fixed. 1 was holes on the shingles which are going to be fixed by the builder since property is only 2.5 years old. 2.

I really want to do this full time to help my family get out from the hole we are in.

I like to always learn from the mistakes of others and my own, so I thought I would ask the community to talk about a time you dug yourself out a hole?