It was a Rule 10b-5-violating 110.89% LTV from Day 1 — and it has only deteriorated further burying investors who have no clue what was done behind their backs.LP success was mathematically impossible from closing.

Bare soil at a house with deteriorating paint is an issue. 

Siding that is deteriorating or rotted will allow moisture that can cause more damage.

In the case of the HVAC, I could replace the condenser this year (<$2500) and the air handler (also <$2500) next year.In the case of the roof I could replace the half of the roof that looks more deteriorated this year, and replace the rest next year (also <$2500 per year).

It became very apparent in Q4 2023 (point of no return for those in 2021-2022 vintage project) as the market cap rates deteriorate even more as pricing has not found a firm ground, particularly when it seems that additional capital infusion won't bridge the gap to more secure financial footing.In these moments, the weight of the situation can feel particularly burdensome, and I speak from a place of shared experience.

For capital markets and mortgage professionals, this means preparing for a period of policy stability, with the potential for further easing only if economic conditions deteriorate meaningfully.

Because many have no clue how to communicate on this level or operate in the culture or environment, the mutual degrees of toleration and respect start to deteriorate rapidly.

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 could cost you a minimum tax of $800 every year per entity. 

The costs are heavily run up by the borrower’s ability to take advantage of (1) judicial states foreclosure laws (2) bankruptcy laws (3) we as lenders having to pay taxes/insurance during borrower’s default (4) legal fees we pay to contest BK filings or other delay tactics (5) deterioration in property since loan origination.  

Lastly, when a property sits vacant it's as if the "soul" of the property deteriorated more rapidly.