If I'd been doing this longer, and could afford to lose a little money; I would definitely take a gamble on this one.

HO6's run about $200 per year and cover your loss of rents and loss assessments in case of a major claim.

I've changed jobs a few times and have ended up with a couple of rentals due to not wanting to take a loss on selling my homes.  

Cash flowing property can therefore, help you during bad financial times such as during job loss, as you will still have a positive cash flow along with your safe financial future.

Note that cash flow and profit/loss numbers aren't the same.

OK, really like to see what people have to say on this one. 1) First tell me your area and how much it is down so far from the peak.2) What do you see the total % loss from the top until we hit the floor?

The duplex after 3 years of ownership I sold at a loss with both units being empty at the time, the duplex needed a makeover but was still basically intact.

Pre-foreclosure, short sales, loss mitigation, or buying and selling foreclosures?

Actually, I allow my team of ex-loss mitigators do the short for me.

The appraisers stated our apts would garner lower rent than what we were getting before the casualty loss and below what HUD's FMRs are for the area.