It literally had s*** on the floor, cob webs across the doors, and trash halfway to the ceiling. 

Not like CA were appreciation happens no matter the income.I was just down in Los Altos on Friday and stayed in Cupertino and drove around my old hood.. 

Buckle down and git 'er done, son!

I lived in neighborhood iN Palo Alto CA that was just that way..

However, if instead of paying down the debt on this property, every time you accumulated $240k in CF (assuming you paid 20% DP on this one), you used that money for a DP on another property, by the time you reached that 15th year, there would be so many "0's" on your CF/Year, and in your total Property Value, it would make your head spin.I'm not saying go out and buy another property every time you got $240k in CF. 

What if a beneficiary passed away, is that share redistributed to other beneficiaries or passed on to a specific heir of the beneficiary  (e.g. eldest son).  

My sons wife insisted on a pressure treated wooden deck off of their kitchen & now it's an annual PITA staining blitz.

My wife son and myself are completely in shock. 

When he was in his 70s, he sat his 3 sons down and they divided up the properties he had. 

There are four people who want to live here under the same lease - one sister, her 5yo son, her brother and her brothers finance.