A 3-degree rise would spell the collapse of the Amazon rainforest, disappearance of Greenland's ice sheet, and the creation of deserts across the Midwestern United States and southern Africa.

If that is true then that would have helped the collapse further.In New Zealand you get into quite a bit of trouble breaking a mortgage.CheersMarc

I would file one LLC and have it own a seperate LLC for every flip you do, then collapse the LLC doing the flip after you sell it. 

I laugh when people try to persuade me into believing that we will experience another 07 collapse. 

But once again... it could collapse tomorrow, or go on for another decade.

You should be able to float a 400 note for 24 months after your roof spontaneously collapses on January 31st, 2032.

My vote is to repair, repair, repair.Water damage can lead to significant problems, from blistering / peeling paint to ceilings collapsing and electrical shorts.

If the deal collapses and I would lose everything, I'm out.

Newer building has seen huge increases in insurance in the past years because of the collapse of the Champlain Towers and hurricanes, but that is over and there is more competition now in the market: I have already seen the cost of insurance going down -8% in the negotiation for 2025 in one building where I sit in the HOA. 

Just a few years later, property owners were under water after the economy collapsed.