Prior to losing the home in foreclosure the previous owner had retaliated against the lender by cutting out most of the exposed electrical wiring and removing the heat and air units from the property. 

Have you ever heard of a Landlord being sued by a Tenant and losing property?

Where as same investor buys a stock or mutual fund that tanks and they just chalk it up.. to me there is an irrational thought process that you cant lose money on RE..

I would not lose sleep over this.

Don't use some compressed 5% cap rat, you'll lose money if you do.

Some investor say well better to go for 15-30%+ uncapped returns and lose it a minority of the time than to only make 10-13% and lose anyway with this latest black swan event.

I will check those area out.I did lose the novelty on Airbnb’s after also checking out Myrtle beach as a suggestion and went straight to looking at apartment buildings.maybe I’ll come back full circle in the future.

Oh sh*t, I lose everything!...

The LP protects against this as well as losing everything in a potential law suit. 

I know MHs don't appreciate like a house does, but even as it loses value over the years, I am still making money.