The judge there is "progressively" destroying rental property by allowing massive delays in evictions. 

You talk to the neighbor and they tell you the city bulldozed the house last week, because it was destroyed in a hurricane. 

One bad tenant can ( and have) quickly destroyed a year+ worth of profit.I agree with the vast majority of what you said.

Consider this: there are an estimated 10K homes in Pacific Palisades, at least half of which were destroyed. 25% were constructed during the 60-70's and +/- 75 TOTAL were built in the past FIVE years. 

I see a lot of people buying class D rentals seeing it appears to cashflow then have one tenant stop paying and destroy the place to bankrupt themI do not want that to happen to you, so this is why I gave the options I did.

Example 2: Same scenario but FLOOD being the reason the structure was destroyed.

Sad to hear that the FFN has destroyed Ron's reputation.

I suspect a lot of those with current regulations CANNOT be rebuilt if they are destroyed but we will see..

I had tenants that stopped paying rent for 2 years in NY during the pandemic and we couldn't kick them out, i've had tenants move out and leave someone squatting and NY made it impossible to evict them so I had to pay them off, i've had tenants destroy their apartments before they moved out (maggots in the fridge, flushing their kids toys down the toilet etc) so i've dealt with real difficulty.

It's forever destroyed by the process of securitization.