If the properties are putting cash in your pocket each month it is easy to wait out the collapse. 

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

The more things you're trying to do yourself as a noob, the more you open yourself up to risk and can just straight up go bankrupt (ie you do your own due dilligence and mess up big time on something structural and a buy and hold collapses on your tenants)The more you dabble in --you'll also learn a **** ton and be able to wear many hats....The less experience you have I'm sure you'll outsource, but at some point you'll say-- hey I can do that (and save a few hundred here or a few thousand there)    Then there's Legal aspects, contracts etc.  

that condo collapse disaster is affecting a lot of the older units no doubt.

I see these 2 homes that are almost collapsing.

Maybe if there is a collapse...one can hope.

Treasuries will go "no bid" and there will be a collapse of confidence in both (i) the U.S. dollar, and (ii) U.S. treasury debt instruments [bills / bonds / etc].When this financial inflection point comes, you do not want to own assets who's values are directly tied and leveraged to the yield on U.S. treasury debt instruments (specifically commercial real estate where most market participants are max leveraged).

I’ve gotten by with just cleaning the roots out annually at a few of our properties with clay pipes, and just replacing sections of collapsed pipes at others and the highest I’ve paid was $10k for replacing a ~30 foot section of collapsed orangeburg (that stuff is the worst).

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