They said it has done well with rental income except for the year when the BP oil spill happened.

Oil prices are going down with Iran, officespace is starting to turn, and yet SFR hit all time high this month.

The PG doesn't strip the limited liability nature of the LLC except as it applies to the lender's remedies if you default on the loan.

Of course, it could be a building with one central oil heater and then that number might be more reasonable.

On Zillow I see houses that sit in the market for 1+, 2, or even 3 years and up, and the price reduction can be as much as 30%, with some Zestimate @ 50% of asking price.One agent told me this is the result of the 100%-discretionary nature of 2nd home area.  

It's just human nature.

My wife and I are newly wed and in our 20's and have bought our first home last year so naturally, we don't have much money and need and investor or some kind.

Not bad for a laid off oil driller.Time to get another house.

They help keep up owner occupied units which naturally have more interest in keeping the building nice vs. renters.

For anyone to be culpable for any loss suffered by another, they must have acted in a reckless manner or have been negligent, acts of God such as  storms or natural disasters are not events mortals are culpable for, speak to your clergy for guidance.