I think where my own dad went wrong is he purchased several properties (before the crash) with almost no down and these properties provided little cash flow.

We've had one unpleasant long-distance investment/landlording experience but want to try again with a more educated and focused approach.

Can anyone give me a crash course (or point me to one) on using notes in creative financing?

The economy crashing is obviously something people will have to worry about in this business.

I guess I would have to speak to someone who knew the rental market before the crash in the respective city I was interested in purchasing. 

I am interested in taking real estate as a career but am scared that the market can crash at any time.

Lane it won't be me on the Detroit band wagon I did 200 plus loans there in 05ish and got out before the crash..

I moved here a few years ago from Harrisburg, PA where I purchased my first home just in time to see property values come crashing down!  

Some 80% of builders / developers went under in the crash and are only now ramping back up.

Hello, My brother says he had a friend who used leverage to buy a bunch of houses, and after the housing market crashed in 2008, the banks demanded more cash from him due to the LTV being out of whack.