I also have a $175,000 line of credit at the ready if something catastrophic happened.

We are holding this hearing to help us separate the facts from the myths surrounding the recent dramatic rise in mold claims and its reported catastrophic effects.

I'm guessing you paid cash if you already own them and were not required to get insurance I personally self insure as I own all the properties free and clear so I have that option   I now have saved enough in not paying for insurance to complete pay for a new house should any of them suffer catastrophic lossYour results may vary 

However, I plan on placing them under a property manager (renterswarehouse) due to me not having the time to handle a catastrophic problem with a busy full time work schedule.

Now let's say you buy a FOURPLEX......again....not a duplex or triplex, but a Fourplex and you OWNER Occupy it.....it appears you can evict the tenants (and put your own tenants in) if they (have been living there less than 5 years, are not over 60, are not disabled, and are not catastrophically sick.In section F on page 3 of the following link it states that Just Cause Protection Applies to the following..........file:///C:/Users/bgarlington/Downloads/OAK036393%20(2).pdfA rental unit in a residential property that is divided into a maximum of three units, one of which is occupied by the owner of record as his or her principal residence.

Imagine if everyone getting on a plane was handed a "Things you should know could happen on this flight" brochure, complete with explicit examples of plane catastrophes.

Someday the music will stop and some owners will get hurt to some extent, either simply not achieving projections or catastrophic deal destruction.  

The slightest market movement in the wrong direction or unexpected repair results in capital calls or, in the case of syndications filled with unaccredited or undercapitalized investors, catastrophic failure. 

Lets imagine something catastrophic happens and a property goes into foreclosure, it is better to have that be a rental property so you can just stop making payments and let the bank take it back.

Post the original "Date of Loss" of your first claim and I can check for you to see if it is a known hail date or even a hail CAT (catastrophe) in your area.