It will just devalue the property.  

More passive, move out of California, diversify geographically more, etc.Good morning Henry and thanks for responding.Here are my answers and for sake of efficiency, I'll try to keep them short unless further elaboration is helpful.1) The right SS option is one that will continue performing at the inflation/CPI adjusted income level that I buy it at and is not at risk of devaluing due to area specific real estate prices (ie: I want to avoid areas/operations with falling demand/population). 

And the downside is you visit a wonderful new country and learn about a new culture;) Recently I've bought property in markets where the local currency is heavily devalued against the dollar.  

By using an installment contract it’s nearly impossible to protect against devaluating the property over time.

In it Rinella discusses being a young kid practicing his trapping and fur selling skills; he recalls that he once killed a few skunk but he hit one in the scent gland and when he tried to sell the fur to a buyer the buyer devalued the entire lot because of the scent.

Figure an offer with a devalued cash-flow for the 1st year, and 10% more for renovation materials.

You have to keep it growing each year so it is not devalued.

So why not buy a not so well maintained home for 560k and renovate it and enjoy the newer upgraded home.I feel from a buy and hold point of view it will be much better to pay more for an already upgraded home as all the upgrade costs are being paid for by the 30 year loan which comes with tax deduction and you pay it off with de-valuated dollar over time.

Obviously, there is no way the government can pay back 17 trillion in debt unless they devalue the currency.

What they look for is heirs milking an estate to devalue assets.Rents could be a tax issue since immediate family won't be an arm's length transaction if you were expensing off items, calling a "family home" a rental.