I like the tax deductions and try to keep my premiums down, keeping the insurance for catastrophic loss.

Are they selling because there is a pending catastrophic, structural deficiency?

The hazard insurance policy will allow for a "mortgagee"; the mortgagee is to be paid for any catastrophic claim, or the claim check will be payable to both the insured and the mortgagee.

See Kudlow’s articles at:http://www.nationalreview.com/kudlows-money-politics/315429/too-much-debt-not-enough-growth#http://dailycaller.com/2011/04/13/larry-kudlow-pending-catastrophe-u-s-default/and listen to his radio show.There are numerous sites by conservatives citing the danger of our debt, but even the liberal Time Magazine said the following: Entitlements are another question.

It kind of back fired. http://www.msnbc.msn.com/id/49793971/ns/local_news-corpus_christi_tx/t/craigslist-catastrophe-leads-looting/#.UKmkGGt5mK0

Martin You can't just look at the percentage that the prices increased in value and say it's over-valued without looking at the reasons for the rise in prices.I do think that we've had a crazy couple of years in the Austin market, with prices going through the roof, and I do think we'll see a correction, but not a catastrophic one.

If you have any sort of catastrophic event in the property and you get a notice that the you have x amount of days to correct the deficiency prior to the HAP payment (section 8 payment) being stopped for non compliance, make sure you as the owner/agent are the one that is there to meet the inspector for the inspection, do not rely on the tenant because they will ALWAYS LET YOU DOWN...

Over 65 properties it seems like he has protected himself against catastrophe. 

Other more minor catastrophes have been going in on as well.

Also keep in mind that short of a catastrophe, this renter is going to have the money no matter what.