Property Managers are somewhat immune from these swings.

You are just changing your scenario and comparing apples to oranges now, where earlier you made a statement as if leveraged properties are somehow immune from the same vacancy risks, and as if there is no expense there when they are sitting vacant.

The farther inland is usually better but Wilma showed us that even central Florida is not immune from some hurricanes.Your investment in Florida should include a full house natural or bottled gas generator.

Texas insurance rates went up significantly this year and Galveston was not immune.

BTW, don't believe that any one provider has some sort of magic touch where they are immune for evictions.

(at least not in the way you imagine).I am completely immune (to certain extent of course) to Google updates.Why?

(The hope is that by 2021, that remedies for this virus, will have been created; however, creating viable vaccines can be a long process, given that many vaccines are defective, due to they create what is called disease enhancement, that is that they also have the undesirable effect, of making a virus worse, while designed to precipitate human immune response to a virus.

You are not somehow magically immune to market forces.

But what we may sacrifice in terms of appreciation rate, we get back in terms of cash flow (we do not have trouble finding 10%+ CoC opportunities) and in terms of a housing market apparently immune to the macro economy.  

@Guy Gimenez  your in insinuating that a buy and hold investor could lose a property are you.so many on BP talk about how buy and hold is immune to a down turn..very limited experience by many who preach that mantra.