My holding costs are bleeding me dry in the meantime.If the insurance company honors the claim it will still take several months to get an NFA.

Obviously, I'm bleeding $$$ with this reroofing project but also want to keep satisfied tenants.  

Wind is less of an issue on the west coast, we tend to get swell-type storms instead of wind-generated hurricanes like the east and gulf coasts. 

I have a hot water boiler and made sure to bleed out all the radiators.

Many of us plan cash for keys which will help stop the bleeding but we are accepting our losses and they will move to the next unsuspecting landlord to do it the next chance they get.  

MDF/particle board will swell just looking at water. 

Another assumption, but the longer your hold that property the less it should bleed as rent rates rise.  

You should do a thorough asset management review to ensure you aren't bleeding money in the form of say utilities. 

You trust their basic nature to make good so you delay taking affirmative measures to stop the bleeding. 

From union retirement funds in Ireland, the John Hancock's of wallstreet.... from Zanzabar too Aruba and all points in between there is literally TRILLIONS of dollars wrapped into mortgage securities, and your saying "yup, can just waive a magic wand and say it all stops"......Now that alone shows how foolish and childish naivety it is to say property ownership rights can just vanish, but there is multi-dimensions of this such as a little thing called contract law, THE CONSTITUTION, the supreme court, the Union itself, the NAHB, the NAR, the tens and hundreds of millions of Red White and Blue bleeding AMERICAN PATRIOTS who over their dead body would allow the US OF A to be turned into a Soviet Socialist Communist waste land!!!!!!