He's also a lawyer, so it doesn't cost him AS much, but typically the people leave the property in terrible condition and inflict more damage than their original down payment could cover.  

I would do what ever is possible to inflict as much damage on their financial lives as possible and expect to not only win but defiantly get paid.   

Maybe it's been easy for me since I had no need for a third party to collect fore (and I hate escrows since I feel like I'm being treated like a child)Most complexity, IMO, is self inflicted.

But right now I am inflicted with LOI much the same as many investors-to-be…Lack Of Income.

Obviously, this is a self-inflicted wound.

You do not want your Godfathers old tenants telling you everyday how he ran the business.You could raise his rent slowly over time to inflict as much prolonged pain as possible on him, if that is your nature, or send notice he is going to full market and that the electric needs to be in his name.

In this case it seems as though at least some of the extra costs are self inflicted by the contractor.

Of course, the guy was inflicted by a severe case of Analysis Paralysis.

So I said its probably best to just pay the tax.If an investor overpay a ton, just to save on taxes, most likely they'll be inflicting significant financial damage to their portfolio… it’s probably best to opt out and pay the tax.1031s aren't structured in a way that makes someone "overpay" - it mainly comes down to poor planning which puts them in that situationNever let the tax tail wag the dog!

All evictions are self inflicted.