I have lived here for 8 years and I feel safe but I am also an athletic male with a 105 pound dog.

In other words, the US, as a whole, could be at the top of the market (i.e. thriving), but multifamily in Houston, TX could be in a recovery stage.

A shift would be amazing, and speed the economic recovery into a bull-run.     

If inflation were to take off ahead of what may be a slow economic recovery, we may experience stagflation.

If it is cheaper to hold a unit vacant until the recovery, than lower rents and subsequently affect rent prices of all units, they will do that.

We tend to forget that this will be a very long recovery.

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

A judgement against the LLC without insurance to cover the judgment amount or even the seeking recovery from the individual member(s) will come secondary.

Right now I believe our recovery is going to be measured in months, not years.  

There is not a problem with deposits being refunded in our state and if it occurs the former tenant has a clear path for recovery of triple damages through small claims court and subsequent lien as it would be non exempt property