After a while you become immune to it.

You're not immune to economic fluctuations, but you will be cushioned much more than other places.

And, sure, my investment properties cash-flow...I’ve nudged rents to force appreciation...but if there’s an economic downtown I’m not naive enough think I’ll be immune to it.

The local area may simply be immune to the smell causing little adverse effect.  

And NO one is immune from having some wonky thing you never heard of hit you... but if you know the basics going in you should be in good shape.but I would be uber cautious if I was dealing with most if not all my liquidity..

While multifamily investments are more protective against market corrections than stock investing, they’re not entirely immune.

That's not to say that those areas are immune from herd desertion (read: depreciation) if and when the overall economy collapses.

So long as you could justify it and show how said foreclosure really had no equity I think you'd be relatively immune from a lawsuit, which I think is how most banks as stated are getting away with foreclosing and keeping whatever equity they get. 

I truly believe Detroit and Detroit suburbs are virtually immune from the next downturn.

Don't ever think you can go out and mess over Johnny homeowner and walk off with immunity saying it's on him.