In fact where I invest, by state law, the owner and contact for the owner must be declared to each tenant in the lease or rental contract. 

The only emergency to be declared here is the continuous defense of some over priced, unregulated, non-accredited, no guarantee, hyped program that has no provable track record and sales people that lack qualifications.

An automatic one that everyone gets just from buying property (and having it as their principal residence) and a "declared" version which you must create and record on your property.This link gives a great overview (plus a free form to use): http://www.sandiegolistforless.com/file.axd?

It certainly isn't the evidence of me declaring my property vacant, or of that fact being recorded in your paperwork, or of you charging me the vacant rate, or of me paying all the necessary premiums.

What if the person declares bankruptcy ?

Volume flippers may not be able to sell their homes forcing them to declare bankruptcy. 

RevocationCompletion NoticeCondominiumConsentContractReimbursement ContractSeperation ContractSewer ContractContract AddendumContract AssignmentContract ModificationCorrectionCovenantUtility Service CovenantCovenants, Conditions & RestrictionsCovenants, Conditions & Restrictions AmendmentCovenants, Conditions, & Restrictions ModificationCovenants, Conditions & Restrictions ReleaseRequest for Access/CopyRequest for Disclosure of DischargeRequest for Exemption from Public DisclosureDeath CertificateDeclarationHomestead DeclarationHomestead Declaration AbandonmentDecreeDedicationDeedDeed of ReconveyanceTransfer on Death DeedDeed of TrustDeed of Trust AddendumDefaultDischargeDisclaimerDiscontinuanceNotice of DiscontinuanceNotice of Discontinuance of Trustee's SaleDissolutionDivorceEarnest Money AgreementEasementLandscape EasementSewer EasementSidewalk EasementWater EasementEasement AmendmentEasement AssignmentEasement Partial ReleaseEasement ReleaseEasement VacationEstoppel CertificateExecutionExtensionFederal Tax LienFederal Tax Lien AmendedFederal Tax Lien Non-AttachmentFederal Tax Lien Partial SatisfactionFederal Tax Lien RefileFederal Tax Lien RevocationFederal Tax Lien Revocation of ReleaseFederal Tax Lien SatisfactionFederal Tax Lien SubordinationFederal Tax Lien WithdrawalFindings of FactFirst Right of RefusalFixture Filing = UCC-Uniform Commercial CodeUCC AmendmentUCC AssignmentUCC ContinuationUCC Partial AssignmentUCC Partial ReleaseUCC TerminationForeclosureNotice of ForeclosureForest LandForest Land ReleaseForfeitureGoing Out of Business SaleHazardous Substances CertificateHistorical RegistrationHomestead DeclarationHomestead Declaration AbandonmentIndemnificationIndentureSupplemental IndentureIntent to LienInterlocal AgreementJudgmentLand UseLandscape EasementLeaseMemorandum of Lease = LeaseLease AddendumLease OptionLease ReleaseLease RenewalLetterLicenseLienChattel LienFederal Tax LienLien Amendment Support EnforcementLien SearchLien Support EnforcementLighting Utility DistrictLis PendensLis Pendens ReleaseLoan Modification = ModificationMaintenance AgreementMarriageMarriage ApplicationMarriage CertificateMemorandumMemorandum of Lease = LeaseMemorandum of UnderstandingMergerMineral ClaimMining ClaimMiscellaneous DocumentMitigation CreditsModificationContract ModificationCovenants, Conditions, & Restrictions ModificationLoan Modification = ModificationModification of Deed of Trust = ModificationMoratoriumMortgageMortgage ModificationMulti DocName ChangeNon-DisturbanceNoticeCompletion NoticeNotice of ContinuanceNotice of CureNotice of DefaultNotice of DiscontinuanceNotice of Discontinuance of Trustee's SaleNotice of ForeclosureNotice of Intent to ForfeitNotice of Intent to Forfeit AmendedNotice of Trustee's SaleNotice of Trustee's Sale AmendmentNuptial AgreementOpen SpaceOptionLease OptionOrderOrdinancePartial AssignmentUCC Partial AssignmentPartial Assignment of Deed of TrustPartial ReconveyancePartial ReleaseEasement Partial ReleasePower of Attorney Partial RevocationUCC Partial ReleasePartial SatisfactionFederal Tax Lien Partial SatisfactionPartial Satisfaction of Lien Support EnfPartnership AgreementPatentPayment of Inheritance TaxPermitPlatPlat AmendmentPower of AttorneyPower of Attorney Partial RevocationPower of Attorney RevocationProcess Server FeesProclamationPromissory NoteReconveyanceRedemptionRedemption ReleaseReimbursement ContractReimbursement Contract SatisfactionReinstatementReleaseCovenants, Conditions & Restrictions ReleaseEasement ReleaseFederal Tax Lien Revocation of ReleaseForest Land ReleaseLease ReleaseLis Pendens ReleaseRedemption ReleaseRelease of Attorney LienRelease of Inheritance TaxRelease of Lien BondRelinquishmentRemovalRemoval from Real PropertyRemoval of Condominium statusRequestRequest for Access/CopyRequest for Disclosure of DischargeRequest for Exemption from Public DisclosureRequest for NoticeRequest for ReconveyanceRescissionResignationResignation & AppointmentResignation of TrusteeResolutionRetentionRevocationCommunity Prop.

SB 608 further provides that a fixed term tenancy automatically converts to a month-to-month tenancy if not renewed or terminated.Supporters of the bill argue the new restrictions will provide relief to tenants facing rising rents and limit displacement from landlord evictions in what has been declared a statewide “housing crisis.”

If you lose a tenant, you won't have to declare bankruptcy!

If the dogs don't find anything, you'll get a statement from them declaring your place "bedbug free".