Although voluntary liens such as mortgages and trust deeds securing debts get wiped OFF, the debts may or may not survive, depending on the type, nature and state. 

Natural resources close by that generate income for market - Google search, local newspapers, Wikipedia page 8.

This is a problem you will never have in Cleavland.If you are low on money I would suggest two strategies I would think are superior but would still likely cramp your rock n' roll lifestyle.  

I also realize it's natural to regress to the average as the rental market has had a spectacular run for the last 5+ years.https://www.msn.com/en-us/money/realestate/millenn...How much of a concern is this for others?

If it happens, none of the Partners will take Cash Flow out until the Lending Partner is fully repaid.As far as natural disasters which can put us in even worse of a situation, we will be dependent on our Insurance which also includes rental loss provisions as well as Damage and repairs.

HI BP community you ROCK!

The lion's share of that money comes from the guests, not the hosts, so they naturally want to do what they can to protect the interest of guests, more so than owners' interests. 

Although I haven't decided on a location, it seems most natural to do it in Fairbanks, AK, where I am from and know people that can help out to some degree.I am looking to do single family or small multi-family buy-and-hold properties. 

That means that our options are either to let the lease expire naturally, or to evict the tenant for violating the lease for smoking pot inside / covering smoke detectors and risk having them become a tenant at sufferance or destroying the property.

The question is: will the insurance pay if its not a natural disaster situation?