But then again if your timing was poor and you bought at the peak say in Vallejo you could have suffered massive loss's...

Again, you need an attorney to help you assess the merits of the plaintiff's claim (as in were you at fault, the necessity of the medical treatment she needs, her pain and suffering, etc.).

We pay our painter $20/hr.Having read many of your posts over the years and looked at some of the before and after shots of a couple of your properties, I would hazard that you suffer from a similar affliction as I and that most of the overage is you. ;-)  I too would rather do the entire job at once and get it done as opposed to a little now and a little next year.  

When competition forces prices down quality ALWAYS suffers.

I'm not sure he's willing to cut his wage and don't really want him to suffer for my  unfortunations.  

If she defaults she walks away with out injury you on the other hand suffer all injury.Unless the property was willed to her she is a squatter and has little if any legal rights beyond normal tenant eviction rights.

That particular injury suffered is fatal and not only do you owe a lot of medical bills, but there is a whole heck of a lot "life worth," pain and suffering, etc etc that totals to $3M that you end up owning the plaintiff.

Sure if your portfolio consists of properties in the boonies that you thought were good investments because they were CHEAP then you may well have suffered rent declines. 

In Dayton, air conditioning is not optional; if the tenant must suffer with a window AC unit, unless you're in a D area, your rental rate will also suffer.

But I don't think much more than that.As for the unknowable future, I think a lot of people are unwittingly suffering from PTRD- Post Traumatic Recession DisorderTM ;)  Just because we had a bad one in the past doesn't mean we will have another terrible one.