Their work was better and because they no longer had me as the bottle neck it was done faster essentially allowing me to get a renter in months sooner than I would have otherwise offsetting the costs of hiring the contractors.

It is often cheaper to rent than to own a home.Rent Estate is essentially using real estate over the long term to create wealthIt’s less expensive to lease than claim a home, which is astonishing, shifting the tides in the US.This article does a fantastic job at reinforcing the strategy of using patience and calculation rather than panicking when crises strikes.

I guess it also isn't a total impossibility that another large quake like the Northridge one could happen again.I have earthquake insurance because it would be a life-altering, catastrophic loss if for some reason I had complete losses or heavy damage (essentially, total losses) on both properties.

So essentially they can't take the tenants to eviction court because there is technically no one that owns the property right now.

Negative interest rates would mean property is essentially free, so prices would skyrocket. 

Our monthly portion of rent covers the mortage but cash flow is essentially zero (we profit maybe 100 bucks a month).I have always viewed this as a free ticket to eventually owning the house, we will pay off the mortage in 7 years and then the rent would be "free money".

To make sure I am following this correctly are you saying that essentially you told him you would take the $1,000 & apply it as his last month of rent?

@Robert Jensen - We have clients who have bought in East Oakland and parlayed their equity via 1031 into another property (essentially trading up), and using the remaining funds to purchase a 2nd property. 

After taking possession of the property with a tenant in place, I then did a cash out refi on each property to essentially "pay back" my HELOC.

What would be considered essential holdings of a court judgment?