This also allows for property owners to more easily write-off assets that get damaged/destroyed as the value of these assets is determined as part of the study.

Seven years is a lot of time for someone to cook meth in the bathroom and destroy a home.Why wait until the lease is over?

That was actually my concern, getting the type of tenant that don't destroy the property.

I did have over 200 section 8 houses as I drank the cool aid way back when .. but geesh now we just stick to A class and live with the 4 to 6% returns and no drama and no destroyed houses.. its more than just the tenants its also the neighborhoods were crime is real etc..

Tenants destroying a property is going to cost you FAR more than any missed rents.  

Due to a reduction in supply (properties destroyed or rendered unlivable) and an increase in demand (from those displaced by having their properties destroyed or rendered unlivable), home prices and especially rents actually tend to go up immediately after natural disasters.

One of my clients almost lost his chance at a claim because his originals were destroyed in the storm, but luckily, he had everything backed up.Hang in there, Joe!

While no properties actually flooded, the entire area was a disaster - roads destroyed, rescues, loss of power, and loss of safe drinking water than lasted for two weeks.  

If you don't have "flood" or "wind" coverage within your policy (or under a separate policy), then you very likely won't have loss of rents/income protection when your building is destroyed by the perils of flood or wind. 

But Cleveland had all their data destroyed in a cyber attack.