Housing quality will undoubtedly deteriorate if this behavior by self-serving politicians is allowed to manipulate the minds of people who don't know any better.  

The tanks deteriorate and leak into the environment.

Was not required by code when the house was built but is now required for safety of inhabitants.3) There's various cracks in the stucco and the inspector recommended sealing them up.4) It looks like facia around the house is pretty deteriorated from weather and should probably be replaced5) Some electrical and breaker box outside around patio area are not done well and may need to be re-done.

In the mean time, the market could deteriorate more.

Would you happen to have any resources for a good contractor or board up company so that I can protect the property from further deterioration and squatters?

Took a deteriorated home that sat vacant for years and years and oversaw the project manager and contractor, made all design and remodel choices, made the analysis of where the ceiling would be for pushing the neighborhood pricing -- and succeeded.

“Siding and trim is damaged / deteriorated throughout.

Back real estate taxes do not get wiped out in foreclosure, during the period you have the property for sale taxes are accumulating, insurance must be paid, the property is deteriorating, vandalism can be a problem, sometimes security is necessary.

It came out to around $125 / month cash flow, not GREAT, but for a first property it's a base hit and gets me in the game.HOWEVER, here are the main issues that came up from the inspection that really concern me:Horizontal cracks in the poured concrete basement foundation on the back and left side of the house with what looks like attempts to patch it with stucco in the pastKnob and Tube wiring throughout the entire house (concerned about getting insurance)Galvanized piping for majority of water supply lines (low water pressure throughout house)Leaking roof from chimney (need to install cricket) and fix upstairs unit wallsOne of the furnace flues is completely deteriorated and needs replaced, currently releasing some levels of carbon monoxide into basementOne of the water heaters is from 1992Some water intrusion damage in main electrical panel and one of the breaker panel is a Pushmatic styleThese are what I conclude as the big ticket items.

I inspected it myself this week and the fins within the old unit were deteriorating and were crumbling away.