General info: -We have a 20unit apartment located in Texas -Our LLC is registered in Delaware (have foreign entity in Texas) -Ownership 5 of us (Nevada, California and one Canadian). 

Her daughter would have to petiion the court to have her mother declared incompetent and then the court might retain some control over the management of her assets.

These items can be depreciated over 5 or 7 years: Fixtures, furniture, controlled access gates, alarm systems, computerized systems, security systems, movable partitions, etc.This accelerated depreciation strategy allows the property investors to immediately reduce their tax liability and in turn, increase their bottom line by offsetting income.

They are not quality control.   

None of the properties are under rent control.

Then build MULTIPLE streams of income, the type of income where you earn even while you sleep, month after month, year after year.Top that off with the power of compound interest, the ability to leverage other people’s money and the multitude of other benefits of owning cash flowing real estate and it is easy to see why real estate is responsible for creating more millionaires than any other asset class.BUT (and this is a huge BUT)…many of these benefits are almost exclusively reserved to those who actually OWN (or at least control) the real estate.I’m sure others will have differing  opinions. 

Ten years ago, going through infection control classes with my wife, I became certain that carpet would be as GONE in this country as it is in Europe after a pandemic of any size.

You make money on the spread, but you don't have all the risk that comes from "owning" the property, but you essentially "control" the property with a lease.

The main downsides of a condo purchase is HOA control, for example, with a special assessment, they can ruin a deal.

@Candice De seller financing would be great until you could get the property rehabbed and stabilized with market rates!