I completely concur with what @Theresa Harris mentioned.

You really need to know what you are doing to survive in a market like that.  

These aren't market based reserves, these are fixed income to help survive these 2-4 more deep lows you'll face in your life.

Quote from @Theresa Harris: Tell them when they pay the rent, you need a copy of the utilities bills to ensure they are being paid or as you said you pay and they add it to their rent. 

I hope everyone survived the crazy winds the past two weeks!

For example in our area typical good SF is approaching 2 mil, but we have couple educator family with income of 50-60k is still able to survive in the area thanks to real estate from their parents.

Broadly speaking, no house will survive from a direct hit from a tornado.  

There may still be other encumbrances (judgments, priority mortgages, taxes, or liens) that survive the sale.

but that's how far out I am trying to lookI remain bullish on the US as a whole true, thing is we can't predict more than 2-3 years from now. so we can't sa what happen in 30 years, if their economy is continue rising and they accept more immigration home price keep going up.in 2020 we thought the covid would bring everything down, but covid actually bring everything up lolalso asia is extremely different than US, overthere, everyone is more cautious about money so they would chase real estate like crazy, especially in very limited constrained land like in seoul or busan (jeju maybe different lol).i am actually three times more bullish for south korea home price than detroit+indianapolis+denver real estate combined because south korea has the real economic productivity, unlike the old USA that only can print money to survive lol

Quote from @Theresa Harris: Quote from @AJ Exner:Just had a pretty good one of these the other day.