Excluding the wind coverage and a high deductible may make the difference in being able to get insurance through normal channels instead of a high risk pool on some of these buildings.

I'm a noob with this and I'm afraid I'm jumping in the pool with a shark.

Perfect pool of people to ply your 'financial independence' marketing tactic.Marketing is the biggest money maker.

The current listings in this distressed group would comprise your candidate pool.

Some great surveys and charts of what Millionaires do.

Create a "Bank" account in your chart of accounts (same as a checking account), call it "ABC Servicing Trust Account" (or whatever your servicing company is called).Make a "deposit" into this account for the full amount of the borrowers payment, linked to your interest income account.Next, write a check from this account, linked to your your undeposited funds account for the amount that you actually received from the servicing company.

I agree that much depends on your tenant pool.

Pools don't get me excited either, but I will rehab and flip a house with a pool.

The IRS has a chart for this at http://www.irs.gov/pub/irs-tege/rollover_chart.pdfThe answers to your specific questions are:1.

By allowing evictions the landlords, know it will open up their rental pool to include those that can't get better housing due to their past.