So, given that there was a crash 10 years ago (and some people forecast another big one soon) and there are plenty of investors that do ultimately fail in healthy economic times, what does that look like, and how do you recover?

Although you could refinance after a little more than a year (assuming property values stay the same) into an 80% ltv loan, a lot can happen in a year (tenant moves out, roof needs to be replaced, economic downturn, etc) that you need to weather.

It is a economic driver meant to ease influx of investments.

This may be as high as a 1890 year old 1 bath home go in this economic cycle. 

I can predict with 100% certainty that in the next 1,000 years we will have a catastrophic war and/or economic failure that will ruin a ton of people. 

The property is located in Utah which has seen strong economic growth in the past few years.Thanks in advance!

I bought 3 cheap and unloved homes during the 2008-2016 economic problem, but now that that problem had been disposed and good times have returned I'm stuck!

If you decide you are more passive oriented then my BP article from last year might be helpful Three Key Routes for Passive Real Estate InvestingIf you are looking to own cash flowing rentals in economically healthy markets then best options are generally in the midwest, and some in the southeast.All best in your REI!

Time to study Economics and pay very close attention to it.To emphasis this point, think of a scenario where if you didn't follow the economics, things would have turned out VERY bad.Take Investing in Detroit before it went bankrupt.10 to 20 years before Detroit went Bankrupt, there were very clear economic signs that domestic autos were in trouble.

Jon, I agree with everything you said, except the implication that the smaller units won't get rented in an economic downturn. :)  Sure, the ones feeling the squeeze the most won't be traveling, but there will be plenty of people who can still manage a week/weekend away, and maybe they'd normally rent a bigger/nicer place but the smaller unit will do just fine.