That is no news to anyone on the coast....Within like 5 minutes of walking distance, someone bought a SFH for $2.5 million just to rent $6600 a month... another bought for $1.8m just to rent $4500 a month....I hope they are all 100% cash down... if they finance the purchase, they would be looking at $3000 a month loss easy...That is just the reality of Bay Area...

out of the company I bought this from for a return of my losses.  

If they can give me a reasonable explanation (medical problem, job loss, car accident, etc) I don't worry too much.

That would have turned my 5k loss on my second flip into a 20-40k gain.I would have vetted the investor out better in Phoenix that I invested with where I ended up losing 70k.

So if one of your properties goes dark and stops paying, you may be experiencing 100% loss of income until you can retenant (which sometimes can be expensive and take a long time ).  

You need to decide what your plan is, if you have a major loss.

Essentially, if we have a total loss on the last day of renovation, I'm covered for the amount I could lose (basically my maximum all in amount less a conservative land value).

We unfortunately are trying to do this 5000 miles away because the military has us in Alaska and its located in Louisiana.We have discussed selling it as-is and taking a possible loss.

It is outrageous and unimaginable losses for the owner - no rent payment AND destroyed property on top of that...

Would have saved me a whole lot of ongoing stress and money loss.