She did not use the 3rd floor or 2nd floor, as she had holes in the roof allowing rain water to further deteriorate the house.

Also found out that there were roof deterioration, brick damage on the outside of the home and tile floor damage in a bathroom.

Likely to Revise 2020 Forecast Downward, But Not Dramatically: The situation remains fluid, and conditions could deteriorate beyond what is currently envisioned depending on the severity and duration of the outbreak, but if current economic forecasts of modest declines in GDP growth are realized, the effects of lower rates should help to offset the effects of a slower economy and increased economic uncertainty such that California would still achieve a modest improvement in both home sales and prices this year.

So deterioration comes slower than in a mortgage portfolio. 

As the economy rapidly deteriorates, banks will inevitably prefer to have larger cash reserves. 

Every time I try to login I have to create a new account or reauthorize the email  to answer your question, after I posted this the state went into total lockdown, so I have not listed yet   I think the situation is deteriorating by the day for the market though 

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.

This is very common in Southern California, and developers have been pumping out new construction left & right to replace the current market that's filled with old, deteriorating buildings from the 1960s. 

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.pdfCalifornia is a sort of beastly state when it comes to taxes and filings.

Unique opportunity for new investors to identify great deals to house hack, even better opportunity to set up alerts on properties in areas to know when(if) prices begin to decrease in areas as the financial situation for most Americans deteriorates.