Sellers that come to me asking about the market usually find out quick if they haven't already, that although they are upside down or what not, most of the time, unless it was a recent transaction in last few years, they can still sell a little below market and get retail for their home.

And if you read his words where he says things like "it's literally the government's job to tell people what to do and what not to do", I think it's pretty hard to argue that a statement like that is representative of a pro-free market/small gov position.

Any leads, or info, or anything in that particular area would be a great jumping off point for me to make some phone calls and what not. 

Just do it and you will figure out what to do and what not to do.

Its suggested of having six months to a year of saving to cover all bills and what not because you might not sell a home for a long period of time.

For example, there are rules with Section 8 about drugs and what not, but in some places it is not enforced well or at all. 

If, in our example, the insurance paid you $40k after deductible, depreciation adjustment and whatnot, then your deductible loss is only $50k - $40k = $10k.2.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Learning by doing without proper education will teach you a lot of what not to do, more than what to do...which means it will cost a lot more. 

What note are you referring to me buying though?