If you don't, there is no planning on earth that will prevent your kids from finding a way to waste all the money.

How on earth do I estimate how much this might be? 

Because that's a BONKERS concept to hold, and ya know NO financing agency on earth would ever do such. 

Now it's time for an example to be set, so, as said, I would come down not hard but SCORCHED EARTH hard.

You know, that group of like 20 college kids who scream about Columbus, Ohio being the single greatest place on earth ALL.

A few ideas:* If you KNOW every home inspector on earth will find the issue you could state it up front in the agent MLS notes with the proposed solution / cost to fix.

CA is the closest thing I have found on planet Earth as Landlord "unfriendly state" and EVEN THEN there is part's of Ca VERY landlord friendly.     

Just a questions since this comes up frequently on these forums: why in earth do you care about cash flow if you’re buying a $600k property all cash?

I'll show up to the mortgage foreclosure auction either way and see if they show and what they bid.My theory about what might have happened was that the foreclosure wasn't going through the courts because the guy disappeared off the face of earth and hadn't been served the papers after several attempts. 

Why on Earth did you put it in an S Corp?