The worst thing that could happen is that you PCS three years from now and are stuck with a property that has negative cash flow and you can't sell for what you owe because the market has slowed down and/or dropped. 

Worst case, you had out a 60-day notice and permitting is delayed. 

That's certainly planning for the worst (combined with a self-fulfilling prophecy)Or2.

I feel confident in my port-folio and ability to whether the storm (plus being leveraged slightly under 50% provides additional options in a worst case scenario should I need/want to do a cash out re-fi or sell a lower-performer.

Hello Richard Mace,You know that there are many way to skin a cat...David Greenes "Long Distance Real Estate Investing" may be one of the worst ways I can think of.

His target audience are those in the worst part of the cashflow quadrant; employee.

Found BEHR to be the worst by far--doesn't work well, coverage isn't great, just not a good product.Another tip that I picked up from TWW is to use tinted lacquer instead of paint.

That's not the worst deal I've heard of lately, if you're a new investor (inexperienced investors are quoted much worse terms today). 

I assume appraisal wise worst case scenario would be throwing down rug and getting a cheap stove and basement may not be an issue, I hope. 

I'd be very careful about trying to advise your investors on tax matters.Ideally they'd retain independent advisors who advise them about the tax ramifications surrounding entering, maintaining, and exiting an investment.If you are providing tax advice (and worst of all -- written tax advice) about how a deal is going to work out, they rely on that advice, and then things don't go as planned I imagine you have some liability exposure.