Have him/her walk through the numbers so both of you can see exactly how things happen, how investments are protected, where the profits come from and how the risks are mitigated.All investments involve risk, and a lot of folks will choke on that.Even W2 situations involve the risk of layoff and other job loss - your income is NEVER under your control, you are always at the mercy of someone else and their abilities.You CAN take control of your own financial situation.

Last year we saw bust, hard. layoffs, increasing unemployment and massive foreclosures.

Also I want to diversify my skill set and avoid worrying about layoffs. 

The companies that will stay down after a recession are the ones that went in weaker, and had to lay off their core talent, give up critical assets, end up buried in debt, or didn't have the funds to develop any new products while their competitors did (ie, you should have bought those competitors instead).

Hi Jonathan,Here is my situation. i got lay off a few weeks ago, this means i cannot but investment properties with conventional loan anymore. if i buy rental properties cash, how can i refi them if i do not have a steady income from a job?

@Season PriceIf you want truly passive income I would suggest downloading Robinhood and buying into a couple of stocks such as reality income (O) or new residential (NRZ) they pay monthly dividend like a tenant would.

If a refrigerator is charging you money, you gotta lay off the crack pipe.

this Black Swan is 10x or more bigger than theGlobal Financial Crisis because we owe $300Tin debt and unfunded liabilities and the onlyanswers so far are accelerating debt throughfree money like 0% taxes 0% loans QE printing, etc.last time around RE dropped 40-60% depending onthe area and on the West Coast the high-tech areaslike San Fran and Seattle had areas only dropping 30%as of today, Wall St. is down about 20% and could easilygo bear into 50% then junk bonds, fallen angels, layoffs,bankruptcies, bail outs, and millions without any paychecks,that's when RE foreclosures will be back and you'll see bargains :)the best easiest thing you can do everyday is Google "layoffs" "bankruptcy"and start studying different regions based on workers that won't be ableto pay their mortgage...then you know you've found a buyer's marketand you can pounce...in the mean time build credit, hoard cash :)

There is a chance that everyone working from home becomes more permanent and further reduces that metric (not to mention having fewer employees overall if layoffs/furloughs become permanent).I expect small retail will have some immediate challenges, as many of these smaller tenants simply don't have the necessary balance sheet to survive an extended quarantine scenario.

But it also says that if they have been effected by the virus in some way, that we can work out a payment plan after they have provided documentation of how they have been effected (layoff letter from employer, etc).