They are the first properties to take a price hit during a recession and the last to recover.

But now as I've gone through a recession cycle I'm way more timid.

And the next recession will have its own flavor. 

Hello everyone,In light of the coming recession that can happen within the next few years, how are you preparing?

The days of Dayton as a rust belt city dependent on automotive manufacturing are long gone - a result of the recession 10+ years ago. 

If you did, that’s more like how it was pre-great recession and we all saw how that turned out.Appraisers are unbiased third parties, so that you, the bank, the agent etc shouldn’t influence them.It sounds like you paid 232k, expecting appraisal after work at 260k and that’s what you got.Certain things, like hanging drywall, don’t really affect the value of a house.

But it’s more likely they want an excuse so they don’t have to take any action  Secondly, as a wise BP member once said “What makes you think you’ll have the courage to invest during a recession if you lack the courage to invest during a history making economic boom?”

The return on the debt investment portion is much more admirable as it includes the 2008-2010 recession.

In most areas things are on the upswing, possibly even nearing the top of the cycle - prices have increased, activity is up, demand is up and things have rebounded from the great recession however that's not always true everywhere.

In other words, try for 3 properties with $15k down each.Of course, if we hit a recession, the extra debt load may be a problem.