Probably why I have trouble sizing up a deal that works today, and I set my ROT is worth more than 10%.

Your life changes from evaluating dry rot and roof leaks to one of sending K-1s, distribution checks and quarterly reports.

I would definitely look at several area where you could have major problems: - Foundation - ensure the house is sound, the rafters and headers are secured and not rotted, and see if any load bearing beams are damaged which is common for old buildings. - Plumbing - how it was run and if it is functional.

The title is a mess to fix at that point.this is very evident in areas of  Charleston SC  you see these homes sitting there rotting away.. next to million dollar new construction and the why is.. exactly as you state .. no proper probate.. next generation just does nothing and the assets just rot..  

The biggest issues with the interior was the unfinished stairs, partially completed bathrooms, and rotting exterior french doors.

A person in a wheel chair can still use there hands, talk, there mind etc and guess what, it's actually hard for most of these people to find employment oddly enough and having known such disabled persons I know how much they WANT to contribute, sitting at home and rotting is mental torture.  

They sue because a step on the deck stairs rotted and broke so they busted their leg.

It’s always a good exercise to review your ROI and your ROT (return on time).

You don't have to get the stump and roots "gone", they'll eventually rot away (maybe even in your lifetime)

These are large once-expensive homes that are now rotting on parcels of land that nobody wants.