When you are suing someone, you have the list the harm done to you so, if the lender is suing to foreclose (Assuming it's a judicial foreclosure) they have to list the amount the borrower is due for, that is causing the foreclosure.

I do not like the annual inspection as, depending on the inspector, you get the weirdest repair demands, no time to do them before they withhold rent, even if caused by tenant. 

I was not very diligent for a lot of the time, which caused me a lot of extra work at the end when I wanted to do a post-mortem.

Either one can cause you to not provide for your family.This is why you MUST have money coming in from somewhere other than your job.

What were the exact causes and financial loss?

Regular policies do not cover damages caused by "rising water" (i.e. water coming from the ground up, which is tidal surge or flooding).

I don't know the name of it cause I'm relatively new but I'm wondering if he bought a single unit in a hotel style apartment building?

I pulled $55K out of a property and bought a duplex that has went up about $60K in value and generates about $900/month cashflow.The $55K I pulled out caused my mortgage to go up by about $100/month so I would say its been a positive experience.

The house I bought had foundation issues which caused some shifting in areas.  

Everything was OK, except that water is getting into the building at the wooden joists in the basement (big no-no and potentially very expensive to solve depending on the true cause of the problem).