This brings me to the financing part of it.With only 20-30k, this is barely enough for a 20% downpayment on a home.  

Hi J.I am very impressed by your leading recession indicators chart (third one) and don't disagree with your conclusions.The one point I would like to discuss is that in 2 out of 3 (excluding housing crisis) of your charted recessions the Home price index didn't go negative or barely went negative.  

During these years until the present, I also worked from time to time doing repairs and improvements independantly in various buildings from offices to warehouses from vacant houses that were barely standing to homes (on occasion) who’s valued more than a couple of million dollars.

The  first photo is taken standing on the porch, one could barely open the door.

Have the made they customized their house too much - like purple and pink house paint? 

I ran by the property and it was badly overgrown and barely visible from the street, but I made my way to the house and had a look around the property...

His helper is a guy that can barely walk and is hunched over.

I saw one flipper who did two flips fairly recently...one Im almost positive they lost money, and the other they may have as well (or barely turned a profit) because they did not know how to properly determine their ARV.

He was able to pickup a newly renovated property that was restricted to O O only.We had to bid $26,000 over asking price and barely got it.

Attorney fees are expensive to properly set up the structures, and a poor structure is barely better than no structure at all.