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.

It likely won't be a total catastrophe but plan how it may be in the long run.As a slightly unrelated topic, read Dale Carnegies's 'How to Stop Worrying and Start Living.'

Think of the NOI as how much it costs to operate the property itself on an annual basis, barring catastrophic expenses.Now that you have your NOI and your Cap Rate, just plug it into the formula Offer Price = NOI / Cap Rate.

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

That would signal a catastrophic situation.

What's extremely troubling is that BP's relief wells may miss the mark in August or, unthinkably worse, lead to a catastrophically greater escape of oil.Then what?