Just a few pains to suffer, so weigh the benefits, perhaps greater protection to liability (might not too) tax advanatages with deductions of business related expenses, marketing pluses in branding your business, and you might enjoy saying "I own my comapny"

That said, when stories like this hit the news, believe that Mortgagees and Mortgage Servicers go do some double checks to make sure they don't suffer the same fate.

If you suffer a loss on your primary residence, it is a personal loss not a taxable deduction.

I think you'll have a difficult time proving the plants died as a direct result of tenants neglect seeing that it is now three years after the fact.

Expenses are being suffered the day I buy it, not the day I rent it.Your are incurring tax liabilities from day one, you have insurance expenses from day one, that bottle of Mr.

This is a great time to ask questions, determine the back story facts and circumstances of the family's financial situation and perhaps plant some seeds that can be harvested when the family is ready to sell.Offering to buy the property with the contents (after the family members have picked through any sentimental or value items) allows the family to move on without the emotional experience of watching the $150 crystal vase that was given as a Christmas present be tagged and sold for $1.00.

Fred,Part of the reason for the slow payoff is that they will be planting something that takes time to harvest.  

Each city has its own unique story, as you pointed out with our knowledge of Texas, and data sets can suffer from all sorts of statistical biases and be manipulated to tell a story. 

SC took the Boeing 787 plant from Washington and darn near snagged the whole company !!

Rockdale is a depressed blue-collar town that hasn't been able to rebound since the main employer (Alcoa) closed its plant there.