The downside tends to be that a depressed economy has lead to many buildings that have deteriorated, and renters that don't expect much (which shows in how some of them treat the properties).

I plan to hold unless the area deteriorates. 

With the recent drug infestation in our region and overall decline in population, the quality of tenants have deteriorated in the last 2 years.

He's closing in on 80 and in the last few years, everything financially has finally worked in his favor, while sadly, his health has begun to deteriorate steadily. 

Aloha,The problem with your INTERIOR solutions, is that they allow the water to flow through your foundation which deteriorates your entire support structure.

Executive Stay Hotel Housing Equivalent (ballpark $70-150/night), long apartment would rent for about 50% or less of STR fees (however the fees also pay for utilities, basic consumables, and furniture deterioration).

I looked it up and it stated; "The Abandoned and Blighted Property Conservatorship Act allows the court to appoint a conservator to rehabilitate deteriorating residential, commercial and industrial buildings. 

Long answer: First your fix the water source and that may stop further deterioration.

It's more likely that (a) your sidewalk has shifted or deteriorated and created a new hazard, or (b) this inspector noticed something the previous inspector did not. 

This is a first floor condo and We found out the common drain pipe that ran under the concrete right under our living room had deteriorated into nothing, so all of the drain water was coming back up through our drains!