The know it alls that have zero experience in investment properties:"wait till the market crashes" (that was 3 years ago)"what are you an idiot""what are you thinking this place is a dump""This is what I would do"Then there are the supporters:"You got this""Its a great idea youll be fine""I cant believe your buying a house when can I come help rip up the carpet?"

Again, I'm not going to interject my personal political beliefs, but between the bail outs and all the rest following the crash, the problem here is that we SEEM to have sent a VERY mixed message to the big banks about who is ultimately on the hook if they act too irresponsible (the tax payer).

Education is clearly the first step because you can do it with less resources and before you actually know what you want to pull the trigger on. however once the ball is rolling, you need to keep on learning all it can all come crashing down. 

My Dad has been a professional trader and money manager since the late 90s and based on current market conditions we know there's a crash coming at some point- what typically gets hit the hardest is retail and A-class apartments.  

I guess you have to trust them, but you need to know enough to read and understand the investment.In 2009 before the crash, people couldn't find enough TICs to throw money into. 

The market crashed and was left with a 5k sqft lot.

I think the 1% rule was created somewhere after the 2008 crash when home values were way down.I really don’t see a lot of 2% deals anymore and we are in a low cost market.I have not really found any of the “rules” to apply all the time or really to be all that helpful.Every deal is different.

Do you think the impact would be as dramatic as the 2008 crash if at all? 

Just before the real estate crash, I started a company with several investors that buys the bad mortgages out of banks.

I don't know how they will all hold up in a crash like 2008 though?