Come early and listen to our choir practice.Eight new choir robes are currently needed due to the addition of several new members and to the deterioration of some older ones.Scouts are saving aluminum cans, bottles and other items to be recycled.

If you try to siphon every penny from the property you can and let the property and peoples living conditions deteriorate, your a slumlord and quite frankly don't need to be in the business.

Seller's had let the condition deteriorate over the years, wanted a quick cash purchase and short rent back to help them move to their next location, freeing up the equity they had built in the home.

We were able to raise the rents significantly with the repairs as the previous owner had let the units deteriorate over the years.

Perhaps address any issues that could cause the house to deteriorate as well as any health and safety issues. 

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California would cost you a minimum tax of $800 every year.

1) Value of property declines; 2) Cash flow of property declines; 3) Your personal credit deteriorates; 4) Interest rates go up; 5) Current lender gets bought out; 6) Current lender has portfolio restrictions; 7) Your buddy the loan officer is no longer there.  

There is also of deterioration of some of the studs in the basement due to water damage and some evidence of termite damage.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California would cost you a minimum tax of $800 every year.

There may be opportunity for "Constructive Eviction" which occurs when a landlord is aware of a property condition and allows deterioration to the point that the building is uninhabitable and the tenants are forced to leave.