At the same time, it might be more cost effective to install coin op to lower laundry usage overall and add a bit to my water bill.

While no properties actually flooded, the entire area was a disaster - roads destroyed, rescues, loss of power, and loss of safe drinking water than lasted for two weeks.  

We were able to work a deal in the last 2 weeks before it was finalized, we had to pay the max amount of interest for back taxes and water bills and liens on the property.

Under the $100k property example, something as common as having to replace the sewer line will put you under water and you are more likely to have to come out of you personal reserves to cover operational/cap ex expenses or debt service than in my $6M loan example.Remember cap ex and operations are normally more easily absorbed in the A location assets.

However, I am worried about the outdated electrical and water systems for safety concerns.

The renter of our condo in downtown Asheville gave notice due to the city being without water since they expect it to be weeks before city water is back on. 

It really depends on the scenario.If someone is in deep waters, BK, foreclosure, terrible credit, etc.You don't want to be above 60% LTV as that borrower has an incredible risk of default.

We were able to work a deal in the last 2 weeks before it was finalized, we had to pay the max amount of interest for back taxes and water bills and liens on the property.

I am smart and know when the ship of the industry is sinking or taking on water.

Water DamageWater is a natural enemy of mobile homes.