In Texas, normal wear and tear refers to expected deterioration from ordinary use (e.g., minor scuffs), while damages result from negligence or misuse.

Of course that is not necessarily true if you never do anything to the property and just let it deteriorate 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.Creating an LLC in California could cost you a minimum tax of $800 every year.

Nonqm nonwarrantable condo loans will be your only option, and even then, that may evaporate if the situation deteriorates more. 

Get Real About Your Return Metrics Too many investors only look at cash flow or equity, but you also need to consider: - Cap rate - Internal rate of return (IRR) - Depreciation & tax benefits - Projected appreciation and hold costs - Projected Deterioration of major mechanical systems - Possible operating expense increases, primarily taxes and insurance This is the foundation of a sound real estate investing strategy — not just owning property, but owning with purpose, intention and a planned but flexible exit.Market Conditions Will Tip the ScaleLocal dynamics are everything.

Over time, ducts can deteriorate, develop leaks, and cause energy loss.

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.

If your single family is completely deteriorated and is in need of a full gut anyway, then go for it, but if it is well maintained, has updated cap ex (plumbing, electrical, etc), then I would not bother for conversion.

Essentially, it’s deteriorating quickly, winter was not easy on it.

When i asked him who was the carrier, it turned out to be one I used years ago and my broker moved me away from them due to their deteriorating service.