Non-recourse loans are only suitable for very large transactions where a single poor decision can sink you financially and where you have LPs that don't want to sign personally for debt.

I know after going through the melt down of the syndicator I was working with ( and again this was mid to late 80s) and they had about 150 LPs they were GP for.. it was a mess.. holy man.. many of the  LPs formed committees and kicked them out as GP and well that just made the attorneys rich..  

That way when we do enter a recession the Fed will have greater ability to stimulate the economy by lowering rates back down...Side note - Everyone expected rates to raise last year also and they actually fell a bit, so who really knows?

Real estate can provide cash flow to adjust your lifestyle, but there are only so many beaches I can see and my mind needs to be stimulated or I get bored.

This, in theory, should stimulate demand and cause home prices to rise, in their thinking.The current administration promotes unbridled greed.

Right after when the next 'correction' hits will be the BEST time to BUY and HOLD the NOTES on single family residences, reselling them as LPs and LOs, or you could also keep them as long term rentals. 

I make a very good salary but between travel, long commutes, 12-hr days at the office, and frankly work that just doesn't stimulate me anymore....I will start my night job around 9pm and never complain.

That will make purchases more affordable.Fed's injection of funds into the economy should substantially stimulate it once the country reopens for business. 

This has been a very stimulating forum thread so far.

I feel at home in the noise and constant stimulation.