@Russ Scheider  golf course communities can go through this..La Quinta CC in So CAL had their club house demolished in an earthquake.. well it was still standing but it needed to come down..  25 million to replace.. 400 members. you can do the math.when economies have issues as well CC can be a really dicey thing.I lived at Silverado CC In the Napa Valley for a decade ( owners of Halls Chop house there in Charleston used to be the GM there).. but the course was not owned by us members so we were never subject to any capital improvement fees.. but then again we did not have a lot of say.. and the course was semi private with resort guests.. ( which I liked I met all sorts of cool people from all over the world that came and stayed there etc etc)

Maybe not though, everyone in Missouri gets earthquake insurance and we have a hail storm atleast oncec a month so that could be the difference in cost. 

Hi my name is Djemky Annelus, I was born in Haiti and was raised in Kansas city Missouri, Recent graduate from University Central Florida.

Once you have that information you can buy and hold in these areas before developers come in and start investing.I remember areas like Edgewater, Overton, Wynnwood, and Little Haiti were neighborhoods you did not want to live in some years ago.

Rates can be further exacerbated if the rental is located in an area prone to natural disasters like earthquakes, flooding or fire, which can require additional levels of insurance.

@Hadar Orkibi Other than that you have very high taxes, compared to the USA, and your frequent earthquakes, (which doesn't bother me) NZ is highly educated, very modern, english speaking with a good economy and 1,000 miles from anywhere.

I'm a new investor about to sign a contract on a piece of land in Little Haiti, Miami, and I'm kinda nervous. 

As soon as you learn how to truly value your time it will be an earthquake mind shift. 

It is possible that I could wake up tomorrow in bizarro land and LA could turn into Detroit, we could hit an ice age and the great weather could go freezing, an Earthquake could put us underwater (literally), people in mass could decide that they prefer Omaha, all the tech companies, studios, and VCs could decide to move to Fargo, but I don't think so and I've got decades of data to back that up ... just in case my thesis is wrong, though, I always have multiple exit strategies to hedge against those kinds of risks and always watch and question assumptions.

If the property values in your market soften, if the tenant moves in and destroys it, fire, earthquakes, floods, hail, hurricane, another lock down requires you to keep a non-paying tenant - honestly anything - and my position in the property is at jeopardy.