So with all your hard work you devalue the property you are trying to sell .  

When they sold a product that devalued massively.

This way if they go out in year 3 I have extracted every penny out of the lease possible.Had I agreed to a 5 year with mom and pop and they went out in year 3 I never saw any income increase from them and the rent paid was being devalued each year to me with inflation ( example the same 100 paid was only worth 98 the following year ).   

We have had some issue with apartment complexes devaluing surrounding properties, but that was a result of complexes being built with the stated purpose of providing low-income housing.  

The reason is I want to extract as much rent as possible annually and If I wait until year 3 they might go out of business and I never see any rental increase gains.Inflation year over year devalues the income stream which is why you need annual increases.  

When you use cookie cutter sites they can be devalued by search engines because it may appear to their crawlers that you have a site that is exactly like all these other people.

Problem, your sitting on Cash, which will devalue.2. 

In my opinion, what makes today a great time to buy is low interest rates and the ability to lock in a 30 yr. fixed rate mortgage in an environment where dollars continue to be devalued...

I've heard Fully taxed as income and I've heard $0 because you're devaluing your current asset by that amount (Loss) which off sets you sale gain. 

If the HOA is responsible for exterior repairs but doesn't have the reserves to cover those expenses, it's problematic and devalues the property.