Those awaiting a big recession will be sorely regretful.

Plus the hoarding disorder could've made it impossible to let things go.

We updated a few things, removed some eye sores, and made needed mechanical and electrical repairs.

The words "vacation rental," Airbnb" and "short-term rentals" are kind of sore spots among the Big Bear locals right now. :-)

Looking at the outside law firm, that usually handles properties for Fort Bend, their portfolio of properties look like properties people might abandon - eye sores etc. 

Sorry, I guess you hit a sore spot with me.

To those who poo-poo the creative finance folks as faddish and flash-in-the-pan, are sorely mistaken.

Incerto - a 5 book series about risk and uncertainty, by Nassim Talebthe main book is called "Antifragile - things that gain from disorder"if you want to know about risk in macro and micro markets, how trade manifests itself differently between the empirical and the theoretical, and if you want to learn from one of the most brilliant humans walking, I highly recommend this series. 

I echo the above advice to make only the minimum basic repairs: fix the leaks, get rid of the mold, clean it up, stabilize it so water intrusion and whatever issues it has aren't getting worse, maybe do some demo to get rid of major eye-sore areas, slap some paint around strategically, remove trash/overgrown bushes and whatever from the property, improve the curb appeal however possible, apply turd polish liberally... whatever you can do with as little money as possible to make it look a little better, and then wholetail it like a hot potato for whatever you can get. 

Look at the urban core of San Francisco, which had seen office and retail rates sore, are now plummeting.