It's even more abusive since HUD (your tax dollars) will be wielded against you. 

happened in Detroit for various reasons. the homes folks are buying for 20 to 40k now in Detroit and rehabbing I was loaning 70 to 80k on them in 04. and that was 60% LTV then..So in my mind those that made it through were Extremely well capitalized or like many of my clients they own their rentals free and clear.. and they take the abuse of others telling them they are nuts to not leverage up..  

I have a SFR with a septic and make sure there is language in the lease/rental agreement that scares the %$#@%#$ out of the tenant concerning their abuse of the septic and I make sure they understand it and initial next to this language.  

scenarios to form up your final Operating agreement.Good Examples of "What IF" scenarios:What if you get hit by a bus? 

This generally happens if people are abusing and filing many BK's or doing weird things. 

Most of my leads come from passive sources like a bus ad , zillow , etc .

A decade ago LOs would just jack rates up to pay themselves more (yield spread premium) on the time consuming ones (many abused this, alas).

Filing a lawsuit when you are the person in default would absolutely guarantee a counter suit for abuse of process, which it sounds like you would likely lose.

In my response, the last email sent, I listed all the abuses endured and bad business practices.

It's likely close to a bus route so the tenants can still make it work.