In my last big one, the 1979 house was a total loss while 1/4 mile away the 2017 house had $2000 damage.

Due to the current economy, we'll probably be waiting until late summer/early fall to start writing offers, but in the meantime I'd like to spend my time networking, researching target areas, and analyzing deals for practice.I understand that several investors will recommend buying locally first before expanding out of state, but I am of the mindset that (1) I do not wish to sink so much money into my first purchase, (2) I may be less risk averse than some other newbies, and (3) while no one wants to have a bad experience or investment, I'm willing to look at it as a learning experience instead of a total loss.

In the secondary market, some loan scenarios are being priced at a loss meaning servicer needs to pay the investors to buy the loan.  

Add loss of rents coverage, so if you had a loss at the property and it becomes uninhabitable, you can receive "rent" payments while you are fixing up the property.

One was they had too many deals going and didn't want to spend the time one so they decided to just "cut their losses" and sell it as is. 

The underwriter may also take the position that as long as payments are being made on the Deed of Trust (DOT), their insured has not suffered a loss so they don't need to do anything. 

We have studied this and most of the energy loss comes from the floor vents, the windows and doors and even the outlet covers.

Do you think this time construct is feasible?

I don't want to see anyone profit at the expense of someone eles's loss, especially their home they put so much loving care into!

(Obviously I would need to find somebody to accept these terms, not sure if it is even feasible!)