Firstly, It will give information about any predefined event planned for/by him(Future Activity).

I will make sure to keep my eye out for the Feb event.

Reason I ask is because what would happen in the event that after the LC was executed, the tenants were to completely trash the property (or some other scenario causing extreme property damage) and the expenses to repair would be so high that it would not make any financial sense to repair and re-rent out, and so the new owner decided to cut their losses and strategically default? 

The zoning allows for the residence to be rebuilt in the event of fire (which was asked by the bank who originally did the mortgage).  

Failure is not an event.

Looking at my Calendar there are REIA events mon-thursday next week, with another one on Saturday.  

Frankly, I attended a few networking events while I was at the university, and found them a bit awkward and of limited value, but you all sound like a good bunch so far.

  :)  just kidding but not really you have to read her post .. could have been a very serious event for her..

Your father as he had aged should have moved most of his wealth to untouchable equity and liquidity assets.A proper estate planner would have helped with this.

Figure I'll look at it in the event the other deal falls through.Hoping I can work out a deal on the house I have an offer in on...it's on the NE side of town.