I drug my feet too long and the property got snatched up by a 1031 exchange.

Where have you met anyone healthy - everyone is eating a nice GMO diet...and all...

I am very familiar with this rule of thumb, however it seems so misguided and arbitrary and takes into account almost nothing other than a base rental assumption.Say you've got a 10 unit building and most tenants are drug addicts and are paying below market rents and the property is old and serious repairs are most likely imminent, you are probably looking at 90% of your rent for expenses.

Doesn't matter to me what people are selling I love the funny stuff.One of the best commercials is the Dollar Shave Club commercial where the guy is in the drug store trying to buy razors & he gets punched after pressing the button on the counter.You should shoot both commercials & post them on BP for the members to vote for the best one.

I have over 12yrs experience in the fitness industry and can help most anyone looking to better their health, diets, workouts, etc.

Am I responsible in any way for tenants dealing drugs or growing marijuana in one of my properties?

I generally have a lease and a set of "house rules" to deal with parties, drugs, alcohol, etc.I guess in the end, treat them no differently than any other tenants. 

What happens in the case of death, divorce, drug use, default, disinterest, etc.  

SO, I drug myself into that meeting and I learned SO much, and I was thankful I went.

My instinct told me that this guy was tweaking/jonesing and needed to sell the ladder for cash for drugs.