Using a third-party valuation system and discounting for the deteriorated, pre-rehab value of the Home Partners assets, we estimate them to be worth $18 million.

So you have tons of vacant homes and deteriorating neighborhoods that are under utilized..

Every one of the vacated units needed complete renovation, not from tenant damage, but simply because of age and normal deterioration.

Thanks again to everyone for chiming in.I think I will restore the windows to ensure function and prevent additional deterioration, but won't worry too much about energy efficiency.  

I noticed home prices stagnating in my zip code, deteriorating tenant application quality and more and more anecdotal crime stories from my tenants and neighbors.

Messes, mice, bedbugs, and lease violations aside, there was a water leak in the bathroom that was left so long, the floors had deteriorated to the point where someone could have fallen through the floor.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfCalifornia is a sort of beastly state when it comes to taxes and filings.

I noticed the foundation immediately outside the laundry area is showing some deterioration. 

Not to mention Airbnb has been declining over the past year tremendously, and user confidence has deteriorated and is continuing to do so.