The tech industry and manufacturing growth in Reno also provides for a different client for short term rentals, something to look into.

I certainly don't want to get into the business of being a "bottom feeder" that takes advantage of people, but if there is space in the industry for someone to help people in your situation while making a fair profit, I wouldn't mind learning more and getting involved.If interested, message me.

Is anyone familiar with the rule listed in the title and is anyone that has a full-time job in another industry using this rule?

Police described the event as "shocking" and "unheard of." so far.

Statistically, I would bet that many of these properties could be at risk from a similar event before the reconstruction could even be completed.What is the new premium on a $5-10-20M insurance policy and how could it ever be recuperated during the life of the policy or length of the average 30 year loan? 

I adjust pricing based on demand, like raising rates during peak season or local events, and lowering them in slower months to stay competitive.

Or the house construction industry in general where they build for $X and sell for $X+margin?

In the event that your real estate market or the next closest town’s real estate market are cold or cash buyers just aren’t buying there, you can choose another town, area, or state if need be.In order to find a good market to wholesale in, type the following phrase into a google search: “median home price in tulsa oklahoma”Obviously Tulsa, Oklahoma is just what I used for this example.

True, I am 100% with you on that.The point here is, when you analyze, you do based on what you know now (what is known as a fact today) and on what is highly likely to happened (again from today) and to accept the fact that things might change tommrow.Life happened every day, that’s why  we need to stay firm with our direction but flexible with our approach.having lived through the HORRORS of those years fully engrossed in the industry almost nationwide... it was regional on who did well and who had troubles.. no question well positioned landlords in Portland for instance no issue.. 

Another "perfect storm of uncontrollable events".With both failed deals they are pointing blame on poor performance from the companies they hired to manage the property and to do the renovations, which raises a few questions:1) how can/should LPs perform due diligence on these to be hired companies?