@Ryan Murdock  I respectfully disagree - and the client I worked with today is a perfect example.We started out looking at a $21,000 mobile home for my client and his wife (from PA) who basically wanted a crash pad for when they came to visit their daughter who has a newborn son, and for when he visits his elderly Mom who is also in the area.Next thing I know, he's looking at a $69K mobile home for the daughter and a more expensive one for himself, because the $21K unit is already under agreement - now we're up to $35,000 for his unit.  

While some people were lucky enough to time the market perfectly after the 2008 crash, the overwhelming majority of investors built their empire slowly over the course of decades. 

Now, 15 years later my investments there have recovered from the crash and are up ~30%.

Below are our 15-year results from >450 properties:Average rent growth of 8% since 2013.Average appreciation of over 15% since 2013The average tenant stay is over 5 years.Only 5 evictions in 15 years2008 crash - Zero decline in rent and zero vacancies.COVID - Almost no impactEviction moratorium - No impact2022 YoY rent growth 18%, appreciation 32%We achieved these results through the combination of the right location, tenant pool, and property selection.

Did anyone own any fourplexes (or other multifamily) during the last housing crash in Seattle?

-Ran an airbnb in our basement from Dec. '21 to June '22-In July '22 a drunk driver in an F350 crashed into our home, causing massive damage (~$150k worth)-All home repairs and renovations were covered by homeowner's insurance, and we were compensated for lost Airbnb revenue also-We didn't move back into the home, electing to move into an apartment in October and listing our entire home as an Airbnb now that it is fully repaired and measures have been taken to ensure an accident like this doesn't happen againWhat I'm trying to figure out is, with all this money coming and going through USAA, my homeowner's insurance, what implications does this have on my own tax filings, as well as my Airbnb tax filings?

, where is this "cycle" of real estate crash?

That way if the market does correct (I am of the opinion that the FL market is in too high demand to crash, but there will be a correction soon), you have some room to weather the storm with either cosmetic improvements or rental increases.I am active in the Central FL market, feel free to reach out if you need help with analyzing any properties in the area and I can give you my insight. 

It’s fun to claim a crash is coming.

As the market came back there after the crash, I was priced out of low-priced rentals and wandered down to Pueblo, Colorado.