Prices have been depressed for a while for cattle, wheat, hay, soy beans, and sugar beets....which has had a negative effect.Overall it's not as bleak as I'm painting it to be, I just want to be real. 

The recession that started in March was the sharpest downturn since the Great Depression.

depends where in Miami - Aventura, Sunny Isles and Brickell have been depressed for yours.

They do not reflect that we have historical unemployment and other typically depressing economic factors.  

Seems like a pretty good purchase.The lesson is that if you do not have to sell when the market is depressed, the San Diego RE investment is likely to look like a pretty good investment.Seems like if you are not over leveraged, the risk seems to be fairly low.BTW FHA will limit some value add opportunities. 

Assuming it’s a large, reputable company that’s not at risk of going under if the economy dips into a depression.

There is substantial momentum building for the first time but this area still is still severely economically depressed, the crime is really bad and the reputation will still keep people away for a long time. 

Economic Update(Monday, June 22, 2020)The recession that started in March was the sharpest downturn since the Great Depression.

That's exactly what FDR did back during the Depression.

It would cause a multi-year global depression.