Minimizing Risk for Turn Key Properties for Upcoming Recession

[Ryan Denman]

I have been looking at turn key properties in markets other than mine (Denver metro) and am ready to get started.  I plan to buy and hold for a while (5+ years), so I am not super worried about any recessions that may come up in the next few years.  My plan is to find deals that are in desirable areas (good schools, neighborhoods, etc.), desirable properties (updated, 3 bed + 2 bath, garage, etc.) and have enough cash flow to adjust rents down if there were some serious drops in the market rental price.  I also plan on looking at how the markets I am looking at fluctuated in last real estate bubble, to find a market that is less prone to wide swings in price.  

Aside from those factors what other things could I look for to minimize risk for a turn key property on the eve of the next recession?

[Bill S.]

@Ryan Denman find the right property manager. Even if you have the rest right but a poor or low quality PM they can make your deal bad even if there is no recession.