It’s luck.So I’m asking the ones who were catastrophizing in 2025: Did you tighten up your operation?

I'm small time and in the event of a catastrophe could eat the lack of business income. 

I would get honest and critical feedback that I thought was important and also give me things to think about on how I want to approach and build my portfolio without making a catastrophic mistake that could set you back for years. there are a lot of people in these forms that are more than willing to help those who put in the work and effort

Instead, Los Angeles remains in a "counter-intuitive" bull market driven by a catastrophic supply shock.

Honestly, both can kill you, but bad financing structure amplifies rehab overruns into catastrophic problems.

I got up on the roof myself, and discovered the plumbing vent pipes all seemed to be "sealed" with actual, grey, standard, duct tape.Near catastrophe- an older, mature, detached home in a ritzy neighborhood had been "updated" somewhere along the way, turning the attic into living space, with a full bath.

It never ceases to amaze me when Tenants choose to accept a property that is clearly not ready for them at move in, AND continues to remain with one catastrophe after another making the home literally uninhabitable.

In practice, I usually start with strategy first (cash flow, balanced, appreciation), then look for markets where the failure modes of that strategy are less catastrophic. 

Prohibited transactions are far more catastrophic than UBIT because engaging in such prohibited transactions effectively blows up the IRA as the IRA would be completely disqualified.

As an example, if a catastrophic loss were to occur such as a major fire, discovering that a garage was illegally converted into living space without proper fire ratings or approvals can create serious coverage issues and expose the owner to significant liability.