.** When interest rates hit their peak in 1981-1982, home prices were bottoming out after declining for the previous three years.

To address the OP question at the bottom of the first post - the Deficiency Judgement is its own stand alone instrument.  

My thought is to have the whole place scubbed down with beach...top to bottom.

If you live in a home that has a low pressure sewer system or condo on the bottom floor of a building with a bunch of units above, invest in a $100.00 sewer backflow check vlave to be placed on the main sewer line leaving your home or unit.

If you can identify a way to cut the bill in half you will save $16k/year in operating expenses, which will drop straight to the bottom line.

Taking a tenant to court is a massive waste of time.If you're a hands on landlord... go pay her a visit and see if you can't get to the bottom of it.

I will be back to my usual freedom today.A round or two of golf sounds good. 

Lance is right in saying that the market will eventually bottom out, but if you're in it for the long term, Miami will always be a high demand market that attracts major investment. 

Bottom line is that if they break up, chances are he won't be able to find another place with that kind of rental history and she'll probably be the one that moves and he'll be the one that you'll have to evict to get your house back. 

We have definitely seen the bottom come and go, but it still takes a long time to sell.