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.

(You may have heard that the worst will is better than no will - that is the reason.)In the mean time, no one is paying property taxes, no one is maintaining the property, and the property will deteriorate to the point where although it has value now, it won't by the time this all gets resolved, if ever.But wait, there's more. 

The owners equity has been deteriorating every year and the income statement operates at a loss every year. 

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.

The Clevelands, Detroits, Daytons that have higher spreadsheet value due to deteriorating growth.

@Todd MacDonald how likely is your relationship with the "ex" to stay friendly or will it deteriorate more over time?

The suit alleges that the defendant has allowed severe property deterioration, including pest infestations, security breaches and maintenance issues.

Its going to keep demanding money as things have deteriorated overtime and the once fruitful investment you thought is going to be your primary stressor.

But using it ad infinitum, to argue the point or to create subjects of discussion, is annoying and will lead to deterioration of the quality of content on the forum.

But please be aware that (1) real property purchased using 100% leverage will almost always have net cash OUTFLOW on a monthly basis, be vulnerable to tenant loss, emergency repairs, and general deterioration.