After owning a primary house for a long period of time I have come to the conclusion that home ownership is the biggest liability for the average american they will encounter in their lifetime.

I am willing to learn the process and do my due diligence; and even if I do encounter any misfortunes along the way, I believe I'll be able to figure something out when that time comes. 

He has a legitimate gripe that does not appear shady and you're boxing him in with a pre-judgement based on bad people you've encountered.

I don’t think I’ve encountered one person who’s staying home because they’re scared.3) you might have a point about people could Really start fleeing to Vegas from high housing cost states, with income tax and even higher property taxes. 

Ha I wasn't seeking the plumbers advice, he was just telling me about his encounter and it just didn't make sense so I figured I'd break the ice on here by asking.

@Sam Leon these are good questions that the average small landlord like myself won’t necessarily encounter.

The dilemma I've encountered is the large cash position I currently have in the property, roughly $3mm (acquisition + renovation costs) paired with the looming recession.

@Roni Elias- Thank you for the response, I have not encountered a hard money lender offering accounting services yet I'll look into that.

Depending on the class of neighborhood, you may encounter more issues with four people sharing it.

One problem I encountered using HELOC's is if the lender requires down payment in seasoned cash, not a check from the HELOC account, in my case, 6 months seasoning.