I started buying right after the crash and haven't had to experience the headache of trying to rent my property in a down market.  

I did own a few Residential construction company's one by myself and the other with a partner because of licensing.The crash of 08 hurt my business and i was helping keep it afloat with my income from my other job.

Before the last crash that it became harder to rent properties.

@Caleb Heimsoth Thanx for the response,  put down 100k in 2008 right before the crash.

Vegas hit highs in 2006 that were about 200% more than 5 years before just like Phoenix and then crashed hard.

If the market crashes, you could lose your option fee because you can't find a buyer, or maybe if you misjudge the house's value and you can't sell it for a profit, you have that worry.

It the larger markets all over the US prices have risen back to and past the pre crash 2007 peak in prices.

Lending here was completely reckless prior to the crash.

so moving to Houston or just a place to crash when you visit?

The write-offs are all items I got out of this article:https://www.landlordology.com/tax-deductions-for-l...In terms of going upside down on the loan, that is not a concern; prices here barely move at all in either direction (even during the housing crash) and I've got about 40% of the total value of it in equity right now.So it sounds like the thought so far is that it isn't worth it for equity appreciation and unless I can develop numbers that will show a positive cash flow, it is probably better to sell.