Miniature horses are a popular ESA!

With a horse and a dog :-)Anyway, one morning I'm having coffee in my trailer and I hear chain saws. 

Lived on the property in an Airstream trailer during this time with a horse and dog and put in a couple fences and then raised a couple pigs.I was very young at the time and didn't make squat while living in the mountains and canned my own food, etc.You might be able to do something similar in today's world, but I'm here to tell you it was rough. 

I manage properties in Oregon and California, and in both places evictions are stalled. 

I only cheated on the lower 1/2 bath with a code compliant AAV.We did all the work ourselves so labor was just the fun of doing it.Cost of materials: Main Bath about $2k, 1/2 baths about $225 each from my spreadsheet.We got most of the materials on sale at Lowes: Good quality fiberglass Bath tub $125 (small chip hidden by tile) the toilets $35/each (both non-stock returns), double vanity $175  (side against wall damaged).All the shower stall & floor porcelain tile 75cents/sq ft from auction, Pex, PVC & fittings $185, all elect $100, 1/2 bath vanities $35 each (slight side damage hidden) Lighting $75, all mirrors $100, shower diverter/faucets $275, exhaust fans $30 each on sale. 

I trust him with young children as well as adults he just met even when I'm not around because of his training.Now getting off my high-horse...I agree the insurance broker should be consulted and if it was me, I would want to meet the dog and see what kind of training its had as well as its temperament.

Still, I have always respected and advocated that communities are very useful to real estate investors - it’s a horse trading business - which is also why my wife and I always supported, and been active in, and even at times operated our local REIAs.

Figure-1 actually shows that Vacancy INCREASED from the beginning of the Crash to the End as the rising line shows it peaked just at the end of the gray area.After, the line plot went all the way down, showing a decrease of Vacancy, meaning that the amount of available apts decreased.In figure-2 It splits out the Vacancy trends by Class A, B and C.It may seem that Class A properties, like mine, became more Vacant as compared to Class C properties as the Class A plot line rose higher than the Class C.However, you have to understand what went on during that time, especially in places like NYC, Miami, SF, etc. the places that has Yuge amount of Class A multi-family properties.When the Crisis hit, much of the finances for large scale luxury buildings, both rental and Condos completely dried up.These buildings stalled and became stagnant until Credit started to come back years after the Crisis.Also, Luxury Developers like Toll Brothers froze new projects.

Errrrr...you're probably putting the cart before the horse. 

Granted that slows the payoff but it quickens the cash building so it's roughly a horse a piece.