I can barely touch the tip of the iceberg on this, but here's the relevant info:Here is an (older) summary from legal counsel:"Once a landlord has recovered possession of a rental unit for either the landlord’s use or the use of a relative, no other unit may be evicted for owner/relative move-in.

Hi guys,I have a question about financing...Just considering options... say your wife has a W2 income from her job and you have a W2 income from your own S-Corp(and your business has been around for at least 10 years but with fluctuating W2 income) and then your wife considers taking a break from her W2 income to recover thoroughly from her illness... outside of the W2 income we do have $30k-$40k cashflow from existing rentals.How hard would it be for you to get conventional financing with this scenario (losing a more consistent W2 income - even though her W2 is lower than yours) to finance our SFHs purchases?

Alex this is simply landlording  does not matter how you come about it or where you choose to do it.houses take maintenance  they take effort to keep on top of .. .tenants trash places.. tenants skip on rent etc etc all of this effects the bottom line.. no matter how you bought them where you bought them etc.Just think of those poor investor who flocked to Houston and have no flood insurance.. they are about to get totally wiped out.. never will be able to recover .. as cash flow will never equal there loss's or it will take 30 years.. how was anyone to know that was a poor investment at the time.. 

While the biggest problem may be the 2/1, I do think the market has taken it's toll and definitely has not recovered to where we were in the early 2000s. 

Don't rationalize any numbers, or use anything other than cash (i.e. equity, appreciated gain, tax deductions, ...) since those other items are NOT CASH.3 - If you have a negative number, that means you get more cash back in your deal, within the first year, than you spent (so in this case...used)...and you have a winner.4 - If you have a positive number, that means you have spent money to buy this property...your money.5 - If you fall into the #3 category, you have recovered all your initial cash (seed money).  

Up here in Dallas we didn't get much rain at all but we are rooting for Houston to recover quickly.Second, I wish we would have met before your received this property.  

To continue the thought, though a slightly negative one...Has anyone ever had to recover from a total loss (either as a seller or buyer)?

You will have the sheriff out in five days to  remove them and you will take legal action against them to recover back rent, any damages and the cost of legal action.  

We all hoped she could recover and move back to her apartment and kept paying rent and kept the apartment managers aware of the situation.  

If this storm is as bad as predicted I can’t see the sale happening or even the market recovering for months if not years.