Yes, the corporate veil has been slightly deteriorated, but it still is regularly upheld and recognized in a structures integrated overall strategy where a LLC is used inside an overall plan holding a single asset.

Houses burn down, PM's steal from you, tenants leave, houses deteriorate, etc.

Most renters are not homeowner material, so if you gift them the home, they won’t take care of it and when it deteriorates to a point where it’s not livable anymore, they’ll simply leave and you will have a destroyed home to deal with.

I have 10 pages worth of properties and the violations range from junk and trash in the yard, to deteriorated roofs, and unpermitted work.

I do not flip per se my plan calls for me to hold these properties as rental properties Their are many communities across the country Like Dayton OH, that are experiences a loss in tax revenues because of vacant deteriorating properties.

I mean, who decides what is proper and what is deteriorated behavior?

Investor Consequences: Deferred Maintenance: Reduced rental income might force some investors to cut back on repairs, leading to property deterioration over time.

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.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfCreating an LLC in California would cost you a minimum tax of $800 every year.

Hopefully, by now the HUD rep understands that there is more deterioration to the property.

And subsequent deterioration of that stock.