A properly drawn LLC can be perpetual as well or be limited for a certain time period and then renewed.

This needs more coverage to combat the stereotype that landlords are all greedy and need government regulation!

This is then accompanied by a full suite of photos and video taken capturing every square inch and both are then archived in perpetuity in our system.

I haven't 'created' a lot since my truly passive perpetual set for life goal was reached last year, but wanted to comment because I like your topic. 

The movies and Netflix specials make fun of the stereotype but we mainly have blue collar handymen and handywomen that take pride in their homes!  

Over time incentives change once the objectives are achieved… no different than the current Inflation Reduction Act, which will eventually be modified (even if the same party remains in office in perpetuity).

From what I understand you get a temporary deferral, followed by a stepped up basis and permanent exclusion after 10 years...seemingly much better than the perpetual 1031 deferment. 

@Jay HinrichsI imagine all the doctors principles and nurses who rent from Clayton would disagree lol I remember hearing on one of his 10,000 videos he posts up about how he thinks it’s an unfair stereotype for lower priced asset tenants to be falsely labeled .

The Board can "fire" the Managing Agent, and, if the HOA has employees, they can fire them as well, but the HOA lives in perpetuity or until dissolved in a Court of Law.

A lot of people overpaid for large multifamily over the past 3 years or so, banking on the following, in perpetuity: fast rent growth, historically low interest rates on capital, and historically low cap rates (property values, if and when they resell).Any of them that are holding assets that are cashflow negative right now must be sweating, and even if they're at least marginally cashflow positive, if they only locked in their institutional financing on their properties on 5 year terms, they're likely about to enter a world of pain when they try to refinance over the next 2 to 3 years.