I bet $1 this a bot. 

Honestly, upgrading to a commercial-grade stackable setup like Speed Queen or Maytag might be your best bet.

Statistically, I would bet that many of these properties could be at risk from a similar event before the reconstruction could even be completed.What is the new premium on a $5-10-20M insurance policy and how could it ever be recuperated during the life of the policy or length of the average 30 year loan? 

My bet is you do not get sued.  

I’m hoping to find more success in Phoenix, but as you stated, the old fashioned way may be my best bet.

You might have to dig into off-market deals, though, since inventory is tight.Multi-Family: Always a safe bet if you can snag a good deal.

But I wouldn't be surprised to see us settle in the low 6.00% range.I have some aggressive bets in stocks and long duration bonds that will benefit if/when that happens.

Now if you've followed things this far kudos, and I bet your feeling some lumps.

I'd personally avoid the hassle if I wasn't at least hitting double digits on expected IRR (and as I've said, I'd rather be in the double digits with CoC and even higher IRR).Everyone has different thresholds for risk, expected returns, etc and should only do what they feel is "best".

Looks like biting the bullet and getting an engineer may be my best bet.