I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

They were way to late to hike and are now arguably too aggressive but in the grand scheme of things we over printed (money that will basically be sucked back out of the system by high rates and the loss of velocity of money, for everyone taking about how much money we’ve printed right now the biggest issue the world economy is facing is literally a too strong dollar not a diluted one.) and avoided a much worse catastrophe where people starved during a pandemic.

@Leslie Pappas   I just look at Opus development.. talk about a great company pre GFC  and then bust.I think if your doing your deals in your market you insulated somewhat  to the down turn or catastrophic down turns as we saw... its risk reward for sure. 

When catastrophe hits, EVERYONE tightens up their belts (i.e. becomes more conservative) and switches into survival mode (yourself included!).

The smaller property would seem the better way to go here since your leveraging 100% there is going to be less maintenance, lower chance of catastrophic events that could cripple you. 2.

I'm also a firm believer in prayer but I've always been taught that Prayer doesn't do much good until you do your part.....I'm not waiting for the catastrophe before I begin to prepare.

I've read three articles from major outlets stating that CA is about to undergo a  major RE crash, catastrophe and down fall.

Of course this was catastrophic!

Rather than telling them about how to disconnect lines, pull it out, reconnect (too complicated) I just try and explain the catastrophic gates of hell opening scenario that can happen if they jerk these out from the wall carelessly.Best of luck!

However, I have a nagging fear that the USA may suffer a major financial collapse, currency crisis, major war, or other catastrophe that could prove to be a challenging environment for anyone who is highly leveraged to survive financially.