This structure helps thwart the lawsuit before its filed.Also, insurances are a good first line of defense, but aren't a good enough defense for me to rely on exclusively.

It was in person at a conference last year...

@William Dorough Your first line of defense is to carry adequate insurance on your properties.

This is similar to a cram down where a court may adjust or disregard old liens in an order.I have never heard of anyone who was a borrower taking this defense to be relieved from the debt, but things happen in life.

That means reading books on investing, listen to podcasts, troll the forums, and network at local real estate meetings and conferences. 

Yes dealing with college kids might not be great, but we will make sure to do our fair share of due diligence on tenants and implement a solid upfront deposit as a defense mechanism. 

I just held a conference call on this subject and the recording is on my blog.

In their defense, most of the time they do not fully understand what's going on with their property.

It applies to just about everything including mortgages.StephanieNot sure why some of you come off as so defensive.

3. if things get really worse, they play it really nasty and sue me about the mold. how could i defense myself.Answers and experience are highly appreciated.