What we have seen in 2007-2009 financial crisis was a extremely rare situation where both the real estate and stock market crashed together.

The servicing is usually a cross between a train wreck and car crash.

While it could be the case that none of the walls you are going to remove / more are load bearing you need to be extra careful or you're dreams could come crashing down around you (literally)on the issue of permits if the plumber and or electrician are going through the permit process once the city gets these applications they will usually require a "remodel or rehab" permit eliminating the concerns of framing inspection. and if you use an unlicensed contractor you are liable for it for ten years down the road On the price for removing / moving walls is that just for framing or dose it include dry wall,  tape finish and texture?

Problem is, when that sector crashes...and it will at some point, the properties will be worthless.  

And it's because of the quality of the collateral as seen in point 5, which allows me to model their worst case situation. for example, if the market crashes tomorrow and we can't get out without catastrophic losses (unlikely since the property market isn't the stock market), what the worst case?

While this may be the case it has only slowed our decent so that we do not crash on the ground when we do hit it.

I have similar experiences with the app crashing.

I literally jumped in at the market opportunity after the crash with opportunities to acquire real estate at prices significantly below the replacement value on relatively new properties.Going forward, I would like to: 1) participate in other markets that have lagged in the recovery - thinking about Atlanta and Milwaukee markets,  2) expand to multi unit, 3) partnering with other investors and 4) alternate sourcing of properties - from wholesalers/flippers or paying finders fee.In addition, I want to get a feel for the forums before committing to the Plus/Pro option.Looking forward to participating.Regards,Peter

This time we already have the highest housing to GDP ratio with the exception of the run up before the previous crash.

I'll probably continue to acquire 1-3 a year until the next market crash where I hope to go on a shopping spree.