Their lender will likely call the note once they realize what's occurring. 

This situation occurred almost four years ago.

Those cap ex events may not occur in year 1,2, or 3 but they will occur and when they hit, how will they be handled? 

The police never reached out to me.Fast forward 10 days later and I'm getting a notice that I have to appear for an administrative hearing because I was "allowing" gang activity to occur and jeopardizing the safety of the community.

That being said, the value of getting your foot in the door, getting your team together, and pushing through any problems you occur is priceless.

This eliminates the capital gain that occurred between the original purchase of the asset and the heir’s acquisition, reducing the heir’s tax liability.2) Do a full analysis of the rental in TODAY's numbersSet aside that you've lived there and other close ties and emotions.

I didn’t have any “what happens if this agreement ends before the sale of the property” terms because that didn’t occur to me.

You're looking at a very small window for when damage could have occurred and therefore an actual covered loss.When purchasing an insurance policy you will be asked when the roof was last replaced. 

It performs decently, especially when considering that it can replace the owner's rental income or be rented out for cashflows, but after maintenance and taxes are considered, its unlevered total return from price appreciation and cashflow generation net of maintenance leaves something to be desired relative to gold.And this mediocre performance in unlevered real estate occurred despite the massive population increase that occurred during the 19th and 20th centuries.Our World in DataAlthough rural and suburban residential land is rather abundant, if someone bought land in a good neighborhood near a city that grew substantially, their investment likely did well.

I don't see much change occurring, but hey, I could be wrong.The value of agency, as a whole, varies with market conditions in individual markets; varies with the condition, pricing and demand of an individual property; differs with the relative financial strength of the buyer.