So really it is one of the worst things they could do because if they just went to a chapter 7 they could start rebuilding credit right away.

Its not the best, but its far from the worst.

In my experience, HVAC people, termite inspection companies and plumbers are the worst offenders in this category.

Over time, I can renovate the downstairs bit and it can become my home, which would be the worst case scenario I am thinking in case the business doesnt take off.This is my first real estate deal, so I could really really use some help :)

Over 2 years ago was the worst part of the markets for most of the country.

Yes, I always assume the worst and that's exactly what I am worried about, that the burglary could have been staged just so that the tenants can a claim against the landlord, renter's insurance adds an extra layer of protection for the landlord against these instances.

You can play out worst case scenario and see what happens.For instance on your model you can go out 10 years and say if you pay regular payments and this much cash flow and repairs then your debt balance will likely be XX in 10 years.

You need to decide what your expenses are WITH management fees OR not renting it out to anyone as a full year summer house for a worst case scenario.

The worst time to be selling is the months of December and January.

The worst they can say is no.