Hey BP,I was out looking at houses today and I ran into a possible deal.

I suppose we need to terminate our agreement with Mack management, and find someone else, but what about getting the ongoing payments? 

I ran into a beautiful lake house in Florida. 

I ran into this last week when looking at a loan on an SFR investment.

Hey Brett,I ran into the same thing with a fourplex with a huge cost to rebuild.

There no structural issues (that we know off).The price is to the ongoing market value (no huge discount or anything), and is in a desirable location for rental.Here is the question - would you recommend we go ahead with the purchase?

There wasn't residue, lasting odor, etc. so I don't believe it was ongoing.  

I ultimately osned four properties and was elected to deal with ongoing litigation over a major landslide issue (stuff you see on news about California homes falling off cliffs).

It's an ONGOING struggle..

When you sell your income property, you can write-off any unused rental losses that have accumulated while you have owned the property.The Disadvantages of having an LLC.Up Front and Ongoing ExpenseWhen setting up an LLC there are costs involved that are generally charged by an attorney or tax accountant for the preparation of your LLC charter.