I think a big catalyst this year across all areas of real estate will be the unemployment rate and personal income growth within the Kansas City metropolitan areas and surrounding cities.

Loss of rental income is only covered if it is listed in your policy.  

Also, consider this copy & paste advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

If there's equity maybe selling and restarting would be ideal unless you can up income/cut down expenses

Average tenants budget to their income and their income changes very modestly each year on average.

Based upon my research findings I might also start thinking hard about that heater.So, the seller can come after me for the loss of income as a damage since we both agreed that the tenants would vacate at the time of closing even though there is no closing now since my financing fell through. 

The importance of lowering expenses and increasing efficiency to maximize property income.

You will attract all scumbags in this world and soon find out your repair and legal cost will easily pass your yearly income.

Not going to kill it on the rental income, but if you sell it subject to, there is a lot of equity.

Do capital gains offset passive losses that the investor has, so someone really isn't paying a high capital gains tax as they thought?