And even if you do have a non-recourse loan, there will be ramifications to walking away from the property like a black mark on your credit.If you are able to get a non-recourse investor loan and not in your personal name, then the leverage may help reduce some risk if things go really bad.

During the interview it was quite obvious what information they were most intersted in.Jeremy Black was the speaker and I will say that for what you do learn in the three days, it's worth the near $200.  

I state to them that leasing is all about the black and white or in other words some form of lease whether it's annual or monthly.

Having to play in the "Grey" Zone and not in the Black and White.To grow a Serious company with a Strong Reputation we need to be moving toward CLOSING then RESELLING on the Open market (As some call it, REAL Wholesaling).Anybody Actually doing this on a High Level in multiple markets?

One thing I have learned over the years is areas have commonalities but also have different twist and turns.I have learned so much from this site it is amazing.I do agree that accurate information is critical.My learning experience started with "knowledge is power" and then over the years went to "applied knowledge is power".The reasoning is if you do not apply and put into force what you learn then it is not working for you but sitting in your brain collecting dust.Then I finally moved to "applied and accurate knowledge is power".If the knowledge is correct and true and you apply it you will get the best results.There are some grey areas where it's not all black and white but you work to try to find the most accurate answer possible to a situation.I have found this topic interesting as well as the one Rich posted among others.It's refreshing not to see the same topic of a common question asked for the thousandth time on the forum.

I'm doing about 2-3m worth of deals each year, and I maybe pull 1-2 agent based comps a year to double check a property that just does not feel right because a neighborhood is a black box for us.The world is changing, real estate agent business is a shrinking now of days with technology, like it or not.. 

If everything in my personal life stays the same (of course no one can predict a Black Swan event) in terms of W2 and if we hold for a while, are there any outside factors that could be that severe that we'd be forced to sell?

Had this discussion with one of my clients yesterday.....a few things....one is sewer pipes...at this point I would probably be looking to see if they were replaced...in my experienced the cast iron black pipe lasts about 50 years...occasionally 60 or 70...at this point you may be looking at also replacing electrical and plumbing systems and insulation.    

A lot of banking is black and white, if the numbers work they work. 

I also thought about trying to argue that I had a lease in place at the time of the loss and I was unable to show the unit due to the loss so they are liable for loss of use post lease.I wonder if there is some gray area or is this black and white?