But you better have the policy set up correctly to react this way, because if you don't, you could be out of pocket $20k, when you planned for $10k.

I would let them know about this and see how they react, and what they will do to make sure it never happens again.

With the relatively high rate of savings you're capable of and the slow rate of acquisition, you will have ample time and flexibility to react to unforeseen circumstances as some others have said.Something I haven't heard mentioned yet in the thread is that properties with conventional financing automatically tend to de-leverage over time. 

Suddenly you react and have the motivation to clean the house, where you could have mustered up the proactive discipline to do it before.It sounds like you have too much unstructured time on your hands. 

I'm a native Houstonian and currently live inside 610 (the loop).

Another Lancaster native, can't say I've seen anyone else from the same town I'm in. 

Am I over reacting about this?

Congress, particularly with tax-related issues, seems to wait until the very last minute to pass laws so people are forced to react based on what the current rules are rather than gambling on what the law will be.In 2010, people were making larger gifts than they might otherwise have because they did not know how the estate and gift taxes were going to be in 2011 and beyond.In 2012, people had to make a number of financial decisions because of the Fiscal Cliff, and many people probably ended up regretting it once Congress finally decided to pass a law and resolve the issue.Unfortunately, Congress has not learned its lesson. 

How do you think your tenant would react if your wife was going through chemo and you contacted him and ask him to pay double rent?

Landlord life doesn't always give you control, but you can control your attitude and how you react to it.