Dominick,If your fear to lose money is greater than your desire to make money in RE then walk away.

More bad news - the courts are allowed to return the rent escrow to the tenant every 90 days and the landlord loses all rights to collect those rents!

There is never the perfect time to buy, and "timing a market" is they way people lose money.My wife and I saved, and made a plan to house hack.

I have made far more money while losing my shirt monthly than I ever have from cash flow.

I do not know about you but I would not be thrilled to lose a single property even if my other assets were protected.In CA, the LLC has an $800/year minimum cost.If I get sued, I like to know the insurance company has more to loose that I do. 

We'll be losing rental income for that time period and some very good tenants.

The way the the bidding works in MD, that means those bidders are likely to lose money if the owner does not redeem and if the do redeem they only make a couple of percent interest. 

Do leases lose authority over new owners?

I just don't want to lose money....bad investing etc. 

Our position is too many things in life happen - tenants lose jobs, get divorces, die, etc, and are margins are so small to begin with that we cannot afford to take on all the risk.Some PMC's do offer 12 month replacement guarantees and cover all eviction costs, etc, but they usually only do that on Class A properties or have an assortment of loopholes out of their guarantees.