I was wondering how this would all work out there are going to be people out of work for extended amount of time and as we know most renters miss one week of work and they are broke.My other big thing I am wondering @Greg H. is how the lenders are going to handle the owners who get wiped out have no insurance and walk away from the property.. knowing how aggressive Texas lenders can be with deficiency judgments on mortgage defaults..

Raiders are A Coming Baby!

Plus how often do this entire building get wiped out?

Alex this is simply landlording  does not matter how you come about it or where you choose to do it.houses take maintenance  they take effort to keep on top of .. .tenants trash places.. tenants skip on rent etc etc all of this effects the bottom line.. no matter how you bought them where you bought them etc.Just think of those poor investor who flocked to Houston and have no flood insurance.. they are about to get totally wiped out.. never will be able to recover .. as cash flow will never equal there loss's or it will take 30 years.. how was anyone to know that was a poor investment at the time.. 

However, my area is nearby to that of @Christine Swaidan's, so the trend may be different in your area.The general idea is that because CA is so tenant-friendly, and because our property costs are so high, one bad tenant can wipe out months - or even years - of profitability.

No, the foreclosure wipes out the second mortgage, the redemption is for the lien that foreclosed and all SUPERIOR liens.  

The thing about short term is you can usually command much higher rents, however, even just a few days of vacancy can wipe out your profits and I saw large SFHs sit vacant much more often than smaller apartments/condos.

If the storm wipes the house out he/she is fine since the house is covered.

.; but they want some higher quality t.p. to wipe with (like Charmin) so they take it upon themselves to buy the higher quality stuff.Now laundry detergent, we put the good stuff in there. 

Well I hope to see you around and congratulations on the new baby!