I know the vast majority of developments beyond ~2000ish have HOA.

Vast majority of people here have never done that (including myself).

Of course there are plenty of C landlords who convince themselves they were B landlords- and will move accordingly (accepting subsidized tenants, etc.)My market separates the rental classes in hundreds of dollars and vastly different localities. 

This is really rare though, vast majority of unpermitted additions go unnoticed and i would say a 3rd of the single families I sell have some sort of garage conversion or something unpermitted. 

And then, if the university's vast real estate holdings, including lots of properties around the perimeter of the campus that is used for housing or just simply for investment purposes, all of a sudden crash in value, then what happens to that town?

Even if they did decide to sue, you can easily win with documentation because the vast majority of renters never document anything.

You have all the properties you need to provide the income you need and now it is time to pay off the mortgages and enjoy the vastly increased cash flow.

  $400/week.It's been my experience that when people move out of one of my places and into something vastly inferior (and 1/4 of my price), they don't last more than 2 weeks on the job. 

Areas are being affected in vastly different ways for the reasons I've previously mentioned in this thread. 

Also was highly recommended by a vast number of Awesome REI and 10 Hour Wholesaler members.