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.

I have not experienced that myself because I would never do that, but I have read about it.Not considered a high grade material, so not something you would really want to put in a million dollar home.There have been some incidents where some brands have contained physically harmful chemicals that off-gas into the home and make people sick.  

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). 

Jeff Beard - Thanks for letting us know :)Sadly, the podcast is connected to the Blog, which would cause this error!

They are working on extending SH360 farther south (which they've been doing forever) which is causing a lot more suburban areas to go up and a lot of businesses will be popping up too.Hope this helps, have a great visit to the area, I think you'll love it!

Having month to month tenants can cause your income to be $2,900 one month and half of that the next month.

Sometimes they might even say what they think caused the fire.