On a landlording thread a guy advocates for illegal things, has no clue muscle isnt proper.

Do your accounting in one place, so you can get reports per property as well as aggregate them for tax time.I did that using Quickbooks and declaring each property (using the street name) as a unique Class Name. 

Steven,Legal implications for the seller avoiding declaring taxable income would of course be serious, but that doesn't mean the seller wouldn't do so.

It reacts to outside elements like a science experiment, it grows and atrophies like the used and unused muscles in our body…and then on the other side it barely even exists.

So while this move today is troubling enough, the fact of it standing and becoming normalized is the greatest threat because what is 1 step further if ever taken, that would be nothing less than full Nationalization be it by operational function or total declared transference of ownership. 

You might have better luck telling the State of Texas it is an abandoned property - from what I can tell it only takes 4 months of sitting idle to be eligible - they have a process where you notify previous lien holders, and if no one claims it - you can have it declared abandoned and it's yours...  

There are great ones, most are decent and there always a couple of rotten apples.Always be on the look out for non declared family members who are getting out of prison soon.

The City of Detroit faced a "make up" situation and they solved their problem by spiking property and other taxes higher, bombing out their city, destroying their real estate value and then declaring bankruptcy and cutting pensions and stiffing bondholders in court.

Did you know that even it you don't declare the depreciation you are entitled to when you sell your property, it will be taxable gain? 

Patten Law firm with Texas American Title, Declaration title, Fidelity Title on certain locations are very familiar with investor transactions..