Unfortunately, his health is deteriorating, and he can't complete the house.

What I found was lovely homes in areas that if you just took a picture of the house a absentee type buyer would be quite pleased.. the issues tho come when you actually are in situ and travel the streets. and I know they talk about its block to block etc. but the problem I was in my 3 years lending there was blocks turned for the worse I never saw any get better.. as stated above the renters moved in the owners moved out and the blocks deteriorated. 

Regardless of who is "right" or "wrong", if the tenant/landlord relationship has deteriorated to thinking of terminating before the tenant ever moves in, then you as a landlord, and they as renters are just not a good fit.

Thus, depending on how much it's deteriorated, caulk and paint may buy more time.

Plastics and rubber products do deteriorate over time.

The mtg servicer decided to be proactive and hired a property preservation company to enter the property, change the locks and that measures to "protect" the property from deterioration. 

The housing may remain affordable, but it will result in worse living conditions and deteriorating neighborhoods.

Government has already allowed our manufacturing base to deteriorate or move to China and in the coming recession the service industries could be decimated.I expect the Democrats to want to have good economic times for the coming election.

I will be notifying the property manager soon (according to our contract guidelines) that he will no longer be managing my properties-- he does not do any property inspections and does not manage the move out process well resulting in deterioration of my properties' condition and extra expenses and headaches for me .

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.