I do not expect to recover much if anything, but at least the judgment on their record would be a red flag for the next landlord they apply with.

Class C generally gets hit the harder than A or B price wise in a down market, so I like to pick these up and buy-&-hold then and shift to higher quality stuff (with shorter holding periods or as my primary) when the market recovers.

DC took 25 years to recover after the 1968 riots.

We went over budget of course, but it looks like the market will allow us to recover the extras and then some. 

So, I believe that if the city of Detroit fully recovers, the nearby cities will follow... though some are so bad, that it would take a lot more than that.  

Indications are that to fix the place is going to cost more than what I can recover.

If they get your money, there are problems, etc and they won't give it back you have two choices: walk away and lose it or hire an attorney at your expense to try and recover it.

I finally got rid of the properties.Anyway I recovered from it and looking to buy something to rent out and/or live in ---- in the Orlando or Tampa area.

Insurance will let me rebuild eventually, but flood/windstorm won't cover lost rent during the time to recover; which frankly could be 1-2 years.  

Atlanta is has been recovering well, but still lags Denver, Austin, Houston -- it's peers.