Additionally, landlords cannot attempt to collect any back-rent when the moratorium is lifted, ix. they cannot retaliate in any way against residents and x. they cannot report residents to debt collectors or debt services to harm their credit. e.

What I'm hearing are solid - highly responsible financial habits, very familiar with the local market and aware of the possible downsides. 

There will be a shortage of habitable houses, so maybe the prices will remain stable   Flooded houses will be semi-stigmatized.  

You need to check with your local ordinances and landlord tenant laws as there are certain things that landlords are required to provide to make a residence "habitable."

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Unless you are waiving any contingencies you or someone you trust will be seeing it at some point so really no harm, no foul.

Bill when the crisis hit.. it was early on set in Detroit.. started before the rest of the country it had gain steamed but then as you know there was some real melt downs there were nice little neighborhoods with these brick homes were selling for peanuts 1k to 3k..most were stripped or barely habitable at that point.. guys were buying them for 1 to 3k never looking at them selling them to renters basically for 200k down and 400 a month 20 to 30k on land contracts as is.. folks would kind of move in.. strip the neighboring houses. to get these habitable these had about a 90% default rate in two years.. :)  you see the same in Texas in some markets preying on non English speaking.. buy a house for 10 or 15k sell it on contract for 50k without doing anything to it to a non English speaker on terms.there was a guy boasting about it on BP and he finally got ran off the site..  

This keeps you in the habit of budgeting for living expenses and is a method of forced savings.

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