Typically in these situations the property also is less valuable as well which turns the second into negative equity and wiped out in foreclosure

You have to remember these kids know nothing and a lot of them have been babied or coddled their whole life.

Also, I know those who’ve gotten hit with special assessments that wiped away cash flow and some. 

If the liens are excessive then the tax foreclosure auction will be the best route as it wipes out other junior liens.

Oregon Coast is the one were a Tsunami would affect most of the little bergs along the ocean basically wipe out most of the towns and a lot of the ocean front homes.

What changed was we had a baby and my priorities have now changed.

I am not there to baby them and do their job for them.

They are hoping to sell for a 50% loss of original investor money rather than 80% with no capital callF: Complete loss .. just sold wiping out 98% of investor money..Looking back they are simply a proxy for interest rates..

One month of vacancy, other than in egregiously under-rent situations, typically wipes out a year or more of additional "market" rent, so you have to plan accordingly.

Guess what, you are now wiped out.Lets say you find out before the foreclosure sale, what can you do?