I bought my first lot in park circle for 20k and sold built new construction and sold for about 300k  its been solid there.. but now cant find lots for under about 75k or so..its changing for the better no doubt.. where you have neighborhoods that deteriorate is when there is NO new construction housing at all.. and all the homes are only being bought by investors and turned into rentals.. neighborhoods go the wrong way when that happens  Generally speaking.. 

The end result is lower supply and a deterioration in the state of repair of the existing rental supply.

I have a similar scenario I'd love some guidance on:2 Story , 3BR 1BA, 1100 sq ftColorado Springs, CO areaComps coming in at about $160 - 175KRents at about $1300-1400 - however it will be my primary residenceHouse needs at least $50K of foundation repair - owner has estimates from over a year ago, further deterioration sinceI estimate another $5K for collateral damage and fixing unsafe/non compliant electrical issuesHaving a PE do a foundation, mold and home inspection this weekListed for sale at $140K has been in MLS for 6 monthsFHA short sale finally approved Listing agent just informed me it should close in 30-60 daysI'm a cash buyerBackground - house is unofficially on the market.

My Dad bought it to rent out and in the last few years, barely hung onto it and let it deteriorate pretty badly.

If shingled, make sure there are no missing shingles or deterioration on the top which may be addressed down the road.

We really wanted to take possession as soon as possible because we are fearful that the house will significantly deteriorate if exposed to the elements in its current condition -- particularly during the winter months.Has anyone had experience with such and issue?

.- Voided liens get lower interest, receivership can wipe out a tax lien. 4) Deterioration of vacant properties5) fire for vacant or uninsured properties 6) Bankruptcy tying up you money an possibly reduced interest. 7) federal tax liensI have had problems with 2-4, never had an issue with 5-7.

Hopefully, by now the HUD rep understands that there is more deterioration to the property.

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.pdfCreating an LLC in California would cost you a minimum tax of $800 every year.

Most renters are not homeowner material, so if you gift them the home, they won’t take care of it and when it deteriorates to a point where it’s not livable anymore, they’ll simply leave and you will have a destroyed home to deal with.