This was the norm during the great recession, when having cash and cash equivalents provided the ability to score (longer term) bargains.

During the recession, these banks were amongst the strongest banks out there.  

And I would also be worried that the next time we have a big economic recession or depression, it could affect tourism in Orlando which in turn could affect employment and lead to evictions and vacancies. 

Rather be patient, even if it means wait till the next recession :) 

Many during the Great Recession paid their primary residence mortgage and let go of other obligations.  

*Keep in the back of your mind while reading all this that the Fed has ALWAYS lowered rates at least 300bp (3%) in every past recession to cushion the fallout.

*Keep in the back of your mind while reading all this that the Fed has ALWAYS lowered rates at least 300bp (3%) in every past recession to cushion the fallout.

The condo community suffered during the recession, but is now financially stable.

.* No, this isn't recession-causing nonsense. * Use of boarder income must be documented over 9 of the 12 most recent months.

And When is the next recession expected to hit?