My condolences to all those directly affected by this tragic event. https://en.wikipedia.org/wiki/...I wonder why anyone would put/place their tenants in such danger.

This is also a great place to keep a list of emergency numbers (utility companies, police, fire, poison control, animal control, etc.)Tenants do need to know the dangers of over-working the A/C system and causing it to freeze up and stop working.

Americans have built approximately $3 trillion worth of property on barrier islands and coastal floodplains all over the country that are in danger, according to “The Geography of Risk,” a book by Pulitzer Prize winner Gilbert Gaul that analyzes the real estate investment in beach communities over the past century.

The only real danger here is that you didn't get to leverage the skills of your team for this one, so you may have bitten off a non-deal after all.Depending on your comfort level with gaging areas to buy in and rehab budgets, I would consider making a connection with a Property Manager or a savvy agent in the area you are targeting and then pausing your teambuilding until you have a deal. 

After the IRS discovers the noncompliance and contacts you, you generally have fewer options and less chance of penalty abatement.Your best bet is to work with a professional to handle the noncompliance and prior filings, then to keep you compliant on a forward looking basis.If what you owe is substantial in relation to your income and assets, you and your professional should consider an Offer in Compromise.

Deals are harder to come by overall, and great deals are even fewer.  

Ease of ownership / fewer MAJOR issues. 

Its in a good growing area in south Louisiana, but currently in a less than desirable area of town that's used to, but reduced, known to be dangerous but its shifting into a working class spot with new grocery stores and lots of growing neighborhoods nearby. 

The danger point comes when the Capex items loom, and that is when a lot of long term owners decide to sell.

due to the dangers to the Buyer if the Seller runs into financial distress and the property ends up on their list assets in a court proceeding.