The very same investment may switch from active to passive and back again throughout its life cycle.

As most fungal species at least have an honest life cycle and a straightforward means of pursuing it, a proper analogy is difficult to come by.

Things like the loan provided to GM, no, NOT for it, I was 100% for let-em die because it's exactly what they earned, and the rotting corpse of GM would have been fertilizer for 10 NEW auto companies, BUT I do understand where the powers-that-be were at thinking that life cycle would have been too brutal and wanted to focus on the tens of thousands of jobs and incomes impacted by allowing the natural cycle to play out.  

Where is the building in its lifecycle?

When you consider life cycle costs and lost rent due to waiting for new carpet or carpet cleaning hardwood is a better choice.I'm not a fan of laminate.

One area that I really support one is in the event the buyer/owner/landlord would not be able to cover a major system failure.In Arizona Water Heaters tend to have a life cycle of 7-10 years before the tank leaks due to the water and corrosion.

Break down the components of your life cycle of leasing and management and there is an outsourced solution for everything.  

The Borax basically kills them as soon as they hatch and continues to do so enabling it to break their life cycle.

But an above average, among top 10-15% of markets in america, annually once debt life cycle crisis is averted.California will become now secondary market for successful out of state people.

So If you own a property for 20 of the 27.5 years and sell it to a new owner...that new owner gets to start over with a new 27.5 year life cycle at the price they paid. 4.