Now my mountain cabin that is at 2000 ft elevation I have more risk there, but we tell people if a storm is coming pack food, water etc.. and if its gonna be  bad storm, we give them the option to cancel with a full refund.  

Make sure property has good elevation, or is in area with good drainage system.

My property is a mountain site with its lower border along a nice creek at about 3300 feet elevation, and the top of the property is at 3900 feet with lots of great vistas and cabin sites.

During his speech, he emphasized that management companies are not always able to provide extensive details and personal attention to every investor, and that in some cases, they may have to let go of investors who excessively harass them.

We're factoring in a slightly elevated vacancy rate of 15% instead of the standard 10%.

Deposit, existing (for renovation) site plan and preliminary floor plan proposals, then elevation and remainder of the print.

Prices are elevated in Tampa.

I don't know, but the reason I'd guess for all the rah-rah speech is because they'll offer less than FMV.Why not just ask for one of them to send an offer over? 

Living in a place you don't like for 1-2 years will do more for your future (and for the elevated vibe that ownership brings) than waiting that same time for a better situation to arise.

Even if you have that reserves as stated, some people would use those funds to do any major/minor rehabs so that they can elevate their property or just flip the house for quick profit.