Posted by Bill (OH) on March 25, 2000 at 04:51:39:
Darn right it should be required reading! You can make quite a good living with houses like this—I’ve seen my broker do it many times and I’ve done it a couple of times. I stay out of the worst of the neigborhoods, but even in ‘good’ rental areas you can wind up with vandalism.
I have a three family I’m bringing back to life and it was spraypainted, broken into and tools stolen. Imagine my surprise when I caught the *&^#($ who did this that they were a couple of old hippie types (man/woman) in their forties!! They didn’t even live in the area, they just wanted a place to do drugs and sleep. So, they have three hots and a cot for the next six to 12 months while I finish my work and put new renters in----it just goes with the business.