Always be prepared to handle a recession (i.e. cash reserves, don't over-leverage, etc) 

@Mark Rawls - A week ago that price may have been in the ballpark, but a week later with an economic recession probably on the way, what happens now?

@Kristi Nunes the reason why investors acquire MHP's is for the recession resistant behavior that is created by tenant owned homes. 

Is 2020 recession hapening and how will it affect the real estate prices ?

Plus all of the financial uncertainty that millions of people are experiencing, courtesy of 2020, send people into a hunt on how to recession proof their lives.Tiny homes aren't for everyone, but they can be for a lot of people.

The rates are $750 per room in 3 rooms, $700 per room in 2 basement room when they are finished, and I will be living in the master.I want to add 2 more bedroom as soon as possible, but I also want to do renovations in the kitchen, put hardwood floors, remove popcorn ceiling (asbestos), put in recessed lighting, new internal/external paint, remove a load bearing wall, and etc which a contractor said will cost around $80k (I think I can go IKEA kitchen and go cheap on other things and save $30-40k.

I feel like a recession is coming up so I kind of want to sell but then again the seller fees are making me not want to sell it so early.Also, with the interest rates so low, I kind of want to pay down to reach 20% equity so I can re-fi.My third option is to just keep stashing into savings and riding out the 2 houses and buy a third one.

If you are going to do flips which many have said is not advised based on the assumption of a close by recession than you should be involved in the day work of a project manager including tracking the budget. 

Down 19% off highs in a matter of a few weeks, global recession talk, its all crazy. 

Safest in a recession w/ predictable cash flow?