Then I contend with the apartment condition.

I wish I was only 25 years old and had your experience, because this is the part of the RE cycle when a lot of people are going to get very rich.Not many of today's investors experienced 1989, but I did and it was not quite as bad as today's crisis The reason being we didn't have all the sub-prime loans to contend with, but it was still bad.Good luck,donrock

I think the consolidation of power was necessary to contend with forces that would have liked to see a divided and thus weakened America.

I know that I teach about ugly houses, and your use of the phrase does not mean that you are doing anything wrong, however Homevestors will contend that any use of the words is an infringement upon their trademark.

I contend that serious buyers will eventually find out the real story and not appreciate chasing phantom deals.

I'm looking ahead to my next move, but have an unusual situation to contend with: my day job as an engineer is with a remote mining operation, where I work 4 weeks at a time and then return home for 2 weeks.

The house has vinyl flooring throughout so there is no carpet to contend with.  

BP Community what would your first steps be to show you are a serious contender? 

I think the market will begin to expose the pretenders from the contenders.

Read Charles Becker of Duke University's article on this very topic for greater insight.Another difference is that Class B/C apartments typically need a huge amount of expensive cap-x to maintain their occupancy, while mobile home parks need a much lower amount since the park does not own the homes (or at least many of the homes in most cases), although this is true whether there is a recession or not.The final main difference is that apartments sell at much lower cap rates, so there is less cushion in the event of a recession, while mobile home parks still sell about 1 to 2 points higher in cap rate, so you have more flexibility to contend with the impact of a recession, whatever it may be.