I would probably leave a State that is landlord-unfriendly faster than one with State income tax, as the potential pain inflicted by the legal system would trouble me more than reasonable taxes.

My experience over 48 years investing in real estate 20% of foreclosures result of circumstances beyond debtors control80% of foreclosures result of poor decision making, inability to manage life/money, etc (self inflicted).It can be argued that our education system shares responsibility for the latter.

You should steel yourself for a total loss, but if you can inflict sufficient pain on the scam artist, it may cause him to change his ways.

Sorry i have no pity for that kind of self-inflicted stupidity.

The lawsuit would take a year and a half and run $25,000 to $50,000 for the buyer, and I'm guessing from what he wrote, he'd lose.In this situation, I surmise that an astute attorney would get the State Attorney General involved to inflict great pain.There just isn't enough profit to be made on such a property.

No the market was not collapsing, this was self-inflicted injury of seller as they grossly over-built a very custom home in a location that had 0 support for such.

Time and time again all but universally stemming from self-inflicted injury.

What the government wouldn’t do was pay for the property damage that they inflicted as “payback” for their eviction.  

The economic pain that Americans are inflicting on fellow Americans under the banner of free capitalism is nuts.

However, some of these issues are self-inflicted:1.