Have you ever heard of a Landlord being sued by a Tenant and losing property?

I think the worse the economy, the more sellers you'll lose and the real estate market will lock up even more. 

I think it would also make sense to buy at least 1-2 rental properties a year from the very beginning so that these properties could act like some kind of a backup in case I lose my job for example etc.Thanks!

I have a successful PM company in SF and a CA Broker License - but currently don't do any sales transactions. I rent and really have no desire to purchase in the city because it would be a downgrade of space/neighborh...

Make sure you pay the 2014 tax or you will lose your deed out to a new tax deed owner. 2) If you felt the owner will not redeem,(  low value property that owns mortgage to a lender, if the bid amount is high enough.

If the answer is the latter, is it possible I would lose the money I think I would save by missing deals while trying to learn and upgrade my site myself? 

I’ve been saving that extra income for future property expenses or emergencies, so I don’t have to dip into my personal funds.I also earn around $130-150K annually from my sales job, though sometimes I feel anxious about whether I deserve this income or worry about losing my job.

If you just look on Zillow, pick a random property, buy it, and turn it over to people you don't know to manage it, it's extremely likely that you will: have it cost a lot more than you thought, get overcharged for things, lose money, and have a big chunk of your savings just stuck in the property not really doing anything for you.Not to discourage you, or to say that you would do what these folks did, but here is what NOT to do OOS:https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/67/topics/1167190-strug...I hope this helps - happy to dialogue further. 

Since the landlord didn't lose any rent and there were no damages, I can't see any way this would hold up.If your lease is the standard TAR lease (I'm guessing it's not), there is a clause which deals with early termination.

I can give numerous examples of California investors I know losing money from buying in "cheaper cash flow on paper markets."