That can be a draw back if the market is on a mad run up tho.Also, I would always have enough in a heloc to cover your 401k loan in the event of job loss or if you quit your job. 

I still think if I would have worked it out with them rather than jumping straight to court, I would have taken a smaller loss.

This property gives me significant income, so losing it would be an extreme loss.

Or, you can go with 85% of actual rent recieved and share in any vacancy or downturn losses..but you also get more on the upside if rents appreciate.

If the market goes down you don't take the losses either. 

Profit and loss will be a guessing game. 

But then again a large swath of syndicators that jumped in when they did have had major struggles to full blown liquidation and 100% capital loss's..

Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?

Tax free appreciation and rents significantly trump the loss of depreciation and custodial fees.

Those types of things can throw curve balls but in my opinion, at the end of the day it wouldnt be worth much without friends and family and I understand his loss.