Nat,Tenant has been unemployed since March and has been receiving unemployment insurance.

If you have high holding costs (financing, taxes, insurance, utilities, etc.) the longer you are holding the less money that you are makingSelling profitably - How long will it take to sell?

You purchase title insurance in case there is a lien they missed.It sounds like you merely defaulted on the contract.

We know that investing in real estate means building a business that incorporates the right investment strategy, tax & legal plan, financing, retirement planning, insurance & estate planning. 

As expenses fluctuate (property taxes, insurance, maintenance items, etc), the cash flow will be up and down and unreliable.

I forgot to add that the insurance and tax is included in my mortgage of $2,005.

However, many lenders and insurance companies are tightening restrictions and premiums for these types of properties.

Home prices are one, cost of living and relatively disaster-free weather keeps insurance costs down.You can look up the median home price for every city or metro area.

The podcast also talked about insurance claim re-housing where families lose their homes to a tragedy and get replaced through their insurance.

Only government and insurance companies insist on not letting go of mail.It's good asset protection.