Say the government needs the property for a highway, sewer line or whatever.

At the risk of this turning into a political diatribe I also wanted to point out that the government can change the depreciation expense laws on buildings in the future as well.

Areas with economics of living like this indicate local governance that, for lack of a better term, has their sh-- together.

It seems our government is at a stand still, but what can I say, "its complicated"...

Actually it seems that the government is not doing much to inform effected property owners.While I couldn't see myself doing this, I certainly don't see anything wrong with it.

The true entity that should be held accountable is the government.

Mathematicians work for the government so you can't trust them!

I am assuming banks have insurance on these properties, but I do not know what this insurance covers.I told agent about this and she said shes going to look into it, she said a guy found a dead body in one of their REOs recently.

I would suggest that you require able-bodied people to work or do something for 20 hours, make sure that children are enrolled in school if required by law, verify 5 years of landlord history, require a period of employment and and have these requirements be independent of income.

But you need to do all this properly to make sure you are not violating the million pages of tax laws that the states and federal government have.