Keep in mind that we are in an extended bull market, and that when a recession occurs larger STR homes are more likely to have larger swings in occupancy. 

@Kyle Curtin I'm speaking from a completely different market prospective (OKC is VERY insulated to recession so holding rent rates and property value through even a steep economic downturn is pretty safe to bet on) but if I had to choose between building equity myself via a SFH owner ocupant mortgage or not building equity at all via renting or utilizing a tenant to help pay down my mortgage,  I would absolutely utilize a tenant.

I'm told by prognosticators to expect a correction/downturn/recession/crash sometime in the next 12-18 months.

Up to a peak, down to a recession.

For someone that's not as conservative, or a different view on the next recession, they might have a different opinion than me on all of this2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

I do love this market, it is a high demand area with many bustling scenes and great weather, and IMO fairly recession robust because it is more of a high end destination, meaning most visitors are not as affected by downturns.

During the recession in 2008, etc.

Forbes called us recession proof in the last downturn and recently called us one of the top 20 fastest growing cities.

Is the assumption still the same if there was to be a recession is my question.

@Jarrid Weber Hemet isn't going to cash flow either in most cases, the thing out that way to consider is that Hemet/ San Jacinto have been the first to fall and the last to recover during recessions so if you are banking on appreciation it probably isn't the way to go.