Last I read about this issue, its been challenged in courts and I'm guessing their home owners insurance doesn't want to be embroiled in this; this gets into privacy laws, and it will depend on state specific laws but also could fall into harassment or even voyeurism. 

Its alot of hoops to jump through that would sadly fall apart under audit.

They are underground and the water table rises and falls underground and some areas.Good Luck!

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

I fell victim to Epic Invested 2 years ago. 

For simplicity sake, let's assume a 40% expense ratio, giving a net operating income (NOI) of $216K.If we were to buy at their asking price of $2.99 million, we'd be looking at a cash-on-cash return of 7.2%, and that's without factoring in capital expenditures or debt service.I'd say this one has a looong way to fall before it's a deal!

I am certainly leaning toward house hacking again, and will likely be looking at the end of the summer/early fall.

The sky is not falling, but I agree if your carrying costs are high and owners did not budget earnings from last year to cover costs of the first slower months (Jan-May) then they are hurting. 

Dave may have become a victim of circumstance, but it was a circumstance he put himself into.

Jamaica, Queens Village, Ozone Park, other parts of Southeast Queens, East New York, Canarsie, East Flatbush, Flatbush, other parts of Eastern Brooklyn.The areas that fall somewhere in between are: Ridgewood, Maspeth, Woodhaven, Glendale, Richmond Hill, Bushwick, Bed-Stuy, and a few others.I'd be curious to know where you're searching for properties as most of these areas highlighted above are well over the $600K range.