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.

So it must have deteriorated quickly.

Purchase original single family lot with deteriorating home for $150-$300k.

"If unforeseen rot, deterioration, insect damage or poor structure is found and is found that it is necessary to replace the disturbed area, not included in this scope of work, an Additional Work Agreement will be written at such time for such repairs and costs will be due payable prior to work being completed.

This building AC Systems, Electrical, Lighting, Fire Spray for Vent Hood, etc. are all non or minimal working condition, and have been deteriorating since day one of lease.

The Buyer/Seller relationship will deteriorate and likely the contract will fail then anyway. 

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.

@Melissa VeazieHey there I keep getting recommended to you by different people you must have the good deals in Jacksonville..Looking for home with 3 bedrooms & 1+ bathrooms 1100 - 1400 sqft In a C or better neighborhood Under 70k Deteriorated property preferredIs this something that’s possible in the Jacksonville market??

Data comes from MRED LLC, St Louis Fed, MortgageNewsDaily.com, and NAR.Housing Affordability- The current market shift is primarily a result of deteriorating housing affordability: Homes have become so expensive that many people either can’t or won't buy.

But, I do like the flapper-less provision.Bruce If you have old, deteriorating cast-iron or galvanized waste lines, the inner surface will be far from smooth - pitted in places, with mounds of rust build-up in others, etc.