If claimed, you've got a better chance of surviving a twenty year term as a convicted child molestor in a Turkish prison.Good investment tip: cigarettes.

Building information C location Built in 2010600/ month tenant pays all utilities (4 currently rented)Purchase price 290000Taxes 3332Trash 172Damage (water damage from top unit to bottom unit, wood floors need to be replaced as a result, 1 unit has lots of cigarette burns on some surfaces, etc) nothing major but definitely not what was seen in the unit that was shown before we were under contract.How do I proceed

The rental leach bed had tampons, baby wipes, cigarette butts, ear swabs, and of course rubbers clogging it.

There was more bodegas selling cigarettes, lottery tickets and high fructose corn syrup juices than supermarkets with fresh fruits and vegetables.

I would also take a look at alcohol and cigarette company profits  during a recession, as they actually go up, not down.

Considerations I've found so far include: various layers of outdated insulation (mid-80's fiberglass stuff laid over old vermiculite), 1x2's nailed together to create 2x4's (but still relatively sound structure for the age), asbestos siding (needs a powerwashing and I've found it's totally OK, until it's time to rip it off or demoed), 1" galvanized metal water main is very old, electrical wiring that is visible is a hodge podge mess, there's an old gas pump on the site (not sure if tanks are still buried), real bad mold in bathroom, at least 3 layers to the foundation (that looks solid still), ugly old wallpaper, cigarette smoke smell, kitchen is a complete gut and remodel, nearly the whole home is.  

The deferred maintenance was significant- 3/4 of the roof needed replaced, the hallways were incredibly dirty, 3 vacant units that needed complete rehab, residents had anything from holes in their ceiling to faucets shut off because they were leaking so badly, landscaping overgrown and/or dead, and the entire building smelled like cigarettes and urine.

There was food and trash and cigarette butts all around the house, the house smelled like vomit and beer.

Just like how the cigarette industry used to give millions to children's cancer research, to have something to say in defense of themselves when they were accused of a hideously immoral business model.Going back to our original dichotomy, though: nobody ever focuses on (b) in social problems, Eric.

The stench of cigarettes everywhere.A long long time ago, when kids were mean to me in school, I'd come home and ask my mommy why they hated me and she told me that it was because I would end up running the factory they worked in.