In the end if you have some RE investments and they are not in a depressed area income should grow with inflation to generate some cushion but if you have RE investment often you are not truly retired in the traditional sense of the word.

Call it a Panic like we did the 1870s, or a Depression in the 1930s or a 'Great Recession' as we do in the 21st century - the end result is still the same.

Please wire me $10k to get home and I will send you a $20k cashiers check for your much needed assistance.Last recession was the worst since the great depression and I am pretty sure most of us made it out okay.

.#4 I try to avoid people exhibiting behaviors consistent with cluster B personality disorders

Will the additional units make your current one less desirable and depress rents?

so how would you evaluate such a low price option?It says its currently renting @ $450, below rentometer.com median.780sf, $35k asking price, 2BR, 1BA.Is this the gateway to becoming a slumlord?

The other one, with the propensity to beat his mugging victims to a pulp in (probably) a bipolar rage, since Mom has bipolar disorder, has not yet been released. 

Obviously it would be great to be buying depressed properties like in 2012, but that’s not the case now.

We're likely near the top of a market cycle and you'll not want your hard earned savings dwindling in the event of a downturn - you'll want it in your pocket so you can buy a property at a depressed price.  

In my life, I heard one (Great Depression in year 1929) and saw one (Great Recession in year 2008), total of 2 cycles that the house price dropped 30% or more.