Even for multifamily investors, current cap rates are elusive and many will go bankrupt when the tech bubble will collapse and that interest rates will be raised a few pointsHome ownership does not always make sense; money can also be invested in much more profitable ventures that RE

That floor could have collapsed at anytime.  

About 1/4th of the main roof is gone now because either it burned or has been cut away by quickie contractor who is now shoring it up to make sure it doesn't collapse on the house.  

During the housing collapse we had several neighborhoods that continued to rise in value.Not all neighborhoods or asset classes move in lock step with each other.

(2) Landlord will NOT pay to repair the following items unless caused by Landlord’s negligence: (a) conditions caused by Tenant, an Occupant, or any guest or invitee of Tenant; (b) damage to doors, windows, and screens; (c) damage from windows or doors left open; (d) damage from wastewater stoppages caused by foreign or improper objects in lines that exclusively serve the Property;I assume the toilet was working fine when the tenants moved in and at the stoppage is just located in the toilet, then this is something that was caused by the tenant or a guest and at the tenants responsibility.The only time we would charge an owner for clog is if the sewer line is collapsed and is usually evident by roots or mud in the line.If the sewer line is fine and any clogs are deemed the tenants responsibility.

So in a situation where you find yourself out of work and the bank decides to lower your credit limit or call your loan, the house of cards collapses.

Managing/overseeing a roof collapse is not typical wear and tear or tenant-related maintenance, and it would never be the PMs job to manage such a repair, or even get quotes without a separate agreement.  

http://www.bbc.com/news/world-us-canada-32196177"Nasa scientists have projected that reservoirs could run dry within a year"http://www.zerohedge.com/news/2015-03-16/californi...Is (So) Califoria 'turning back' into the desert, and if so how will this affect our investments in the state/region... economic collapse?

When this happens it FEELS like a collapse as sellers were led to believe that 10-20-50% over asking was guaranteed.

It cost us about $2000 to replace an outside wall that collapsed due to water overflowing the gutters and draining down the wall for months - even years.