Overall it is finding a market that has a draw to those who can still afford to travel in a depression of the market. 

If the house is built on clay, the repair cost could be depressing.

Everything else (such as fill a few depressed areas in the parking lot, seal cracks on 3 stepping concrete slabs) etc. could be done and will be done soon, but I am hesitant about asking tenants to remove their grills from the balconies. 

It looks like the finish is just scratched, but each scratch is actually a depression in the flooring.

The big question is: Do you think there will be as many people vacationing next year when we go into a depression. 

Likewise, someone suffering from anxiety or depression would have one animal prescribed for that "disability".We all know emotional support animals are primarily a fraudulent method of getting pets into rentals, just like the astronomical increase in animals flying on planes.

My first pure investment/rental property was during a depression in my area and I had just spent a few months looking at real estate, nearly every third house was for sale on many blocks. 

If you focus on the effort you put forth and the attitude you employ things will most likely work out in your favor, and if they dont then there is truly nothing you could have done so why get upset about it.Use your job as an example:Your boss is a jackass, you did not get the promotion, you dont make enough money and your cubicle smells... all of this can lead to depression and allow the negative thoughts to snowball. 

Although I know it happened in the Great Depression some.

Theft, values, depressed rents, decreased ability to find a great tenant for your great new home, etc.