Having more savings allows you to survive landmines, but it doesn't guarantee success... a 2019 Mercedes and a 1990 Chevy Impala both get flat tires....  

I did not survive an underfunded situation in my early 20's with 3 rental properties and had to liquidate all 3 of them at losses.

Then again, every investment has risk involved and I don't think anyone would be able to survive if they had to, for example, replace a roof every 8 months for every property they own.

If it is the first case, then the surviving owners receive the deceased owner's share of the property.

Winter came, the house sat on the market, the homeowner winterized the home which shut down the dehumidifiers and the basement sat in cold, wet conditions which let mold survive and thrive.I've already begun spiraling down the rabbit-hole of assessors and remediators, many of whom bring up $20,000-$40,000 type numbers off the bat. 

We have a strong cash position and passive cash flow under conservative assumptions, even after making meaningful investments regularly, such that we could survive for months or years without a paycheck or under catastrophic market conditions. 

You may have to reinvent yourself or differentiate to survive.

Keep in mind, roaches need food and water to survive. 

But the best investors survive and thrive through recessions Find the ones who did it last time and learn how they did it.Too many people use the expectation of a recession as an excuse not to do the work, and to stay out of real estate entirely.

My wife and I both have decent paying jobs at this point, so this is really a long term plan that I expect to start slow, and I don't plan on surviving off the cash flow in the near future, just reinvesting it.