Actually, part of the beauty in a long term strategy (10+ years) is that you can factor that there will be a recession at some point in your hold and therefore reduce the need to time the market.

He said he started in his early twenties, and did quite well, at once had 8 buildings, when the recession hit, in 2011 he lost all but 2.

I purchased during the recession and purchased from a local reputatble non profit organization.

And if you never left a dime in any property that would be over-leveraged and not a great position to be in heading into a recession, esp for a newbie like me.

The risks are the risks you have with an investment - poor Mgmt, recession, etc. else RE is the safest investment else banks wouldn't lend on it (they don't lend you 80% leverage on stocks bonds or mutual funds).

It was actually called recession-proof by Forbes.

During the recession the builder sold out to another builder.

What are your guys thoughts on a potential recession? 

Added a bath, made it open floor plan, completely new kitchen (cabinets, floors, appliances, island, recessed lighting and pendant light, electrical) , refinished floors, remodeled master bath, light landscaping.

Acquiring below market and implementing a value-add improvement plan will result in a portfolio of properties that appreciate over time and that also offer significant tax advantagesPick the right market – not all housing markets were impacted in the same way during the last recession.