The interesting thing about starting young - We have a lot of time to screw up, and a lot of time to recover from screwing up. 

The lender is ready to foreclose now that the market has recovered and they have a better chance of recovering all even though they are in a 2nd lien position.They'd like to stay in the house, but the sad truth is they cannot afford that house any longer (and neither can your unemployed friend).  

However, that is only relative in relation to the value of the real estate since that is the collateral you use to recover your funds.

These areas have a ways to go and will require job and population normal growth before they recover back to the peak.Here's a more qualified prognosticator's take on Atlanta thru 2020.Predicting Atlanta thru 2020

Once Supply took a hit, Inventory never recovered. 

I am noe medically recovering and do not do the typical 9 to 5.  

What would I need to do to protect myself and of course, could anything be recovered while avoiding that according to the terms that were agreed upon.

I got involved with BP about 19 months ago when I was medically recovering and was looking for more flexibility than with a regular 9 to 5 job.  

@Shawn M.As was mentioned previously, the money spent to make a unit ready and available for rent is capitalized and recovered through depreciation.  

My home insurance write an estimate for the water damage.Replacement Cost Vale                                            $19,000Less Depreciation                                                       (2,000)   ---------Actual Cash Value                                                      $17,000Less Deductible                                                    (1,000)Less Prior Payments                                                     (8,500)                                                                                     -----------Net Claim Remaining                                            $7,500Total Recoverable Depreciation                                     $2,000Net Claim Remaining if Depreciation is Recovered        $9,500I have three questions.1) Does it mean the insurer still owes $9,500?