I don't spend much time on the forum any more....when I stopped it had become a big "bash VRBO" frenzy and I got tired of people using Homeaway's (VRBO's) forum to bash the company that created it.Not to mention that I was one of the people involved with the creation of that forum and hated to see it deteriorate from a place where people could come together to share ideas, help each other and communicate directly with the staff at HA/VRBO to the negative space it had become.But, their tools are still helpful!

I was hoping it would deteriorate on its own but I am ready to open up some walls down there.

In the HUD LBP addendum, there's an inspection contingency that reads:The Purchaser has a contingency period that expires fifteen (15) calendar days from the date the contract is accepted by HUD to conduct at the Purchaser's expense, an independent lead-based paint inspection visual assessment for deteriorated paint or risk assessment. 

The tub has a small leak, but I believe the leak is from the metal drain that has deteriorated and there's a piece of it missing that forms the seal.

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.

@Aimee Brandner, I agree with @Wesley W. that once things deteriorate to that point they likely won't improve.

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.

The loan documents say you cannot destroy, damage, or impair the property, or allow the property to deteriorate. 

Property managers are scarce and the environment on Guam deteriorates houses at a much faster rate than in the states.  

Overtime the building deteriorates and you have to maintenance it just to keep the value at bayyou willing to take that risk for cash flow?