What happens when a major event occurs, factory shuts down, migration, local laws change, and so on.  

Also, one parcel can consists of 4 played lots....read the legal description.I see 4 types of "auctions" run by auction.com1 REO's where the bank has already foreclosed2 Expected REO's where they're in foreclosure, but the foreclosure auction hasn't even occurred yet3 Short sales, where being the high bidder simply puts you in contract/negotiations on the short sale4 Trustee foreclosure auctions.

Also,we are not obliged to pay costs, legal fees or expenses for these matters.3.1 General risks which are excluded.Risks which:(a) cause you no loss or damage;(b) you create, allow, assume or agree to at any time;(c) arise because you did not pay full value for the Land;(d) are known to you, but not to us;(e) occur, come into existence or appear in Public Records after the Policy Date, other than those risks insured underClause 2.2;(f) arise out of or relate to any business activity. 2.2 Risks occurring after the Policy DateWe insure you against the following Covered Risks only if the circumstances creating or giving rise to these risks occurafter the Policy Date.Forgery, fraud and mistake(a) an instrument is registered or otherwise recorded by which someone else claims to have an interest in or anencumbrance, charge or lien on the Title to your Land because of;(i) an act of forgery, fraud or misrepresentation; or(ii) a mistake by a title registry or a governmental or local authority.Encroachments(b)someone else builds a structure, other than boundary walls or fences, which encroaches onto your Land.

Call it what you will, reserves or an emergency fund or money saved from cash flow, in any case the wise investor should have a solid plan in place for unexpected expenses that might occur in the first month or in the tenth year. 

I think your real question may be how much risk is there of getting caught holding homes I am trying to flip if a recession occurs?

The funds take about 5 days to transfer which can be disappointing but the upside is you decide when the rent is due and it shows a status of the funds as it occurs.

This would need to be delivered personally or by mail to the tenant's last known address... either the address you provided or the rental unit and then forwarded to you, which would occur if you put in a forwarding address with the U.S.

I like it because once the results of your query appear there are categories on the left side of the page which tell you, for example, what forum discussions have occurred on that topic, as well as podcasts, etc., etc. 

All step ups in basis are due to an event that has occurred.   

I mean you need to buy property no less than 150k to get the 1% rule, and as inflation occurs property values rise.