The long term cycle and big recessions/depressions can happen for the very reason you mention.

But for a duplex it gets kind of depressing self-managing after 5 years and netting only a few thousand per year for your troubles.Growth/expansion is another concern. 

For anyone who has ever been semi retired it is boring as hell (and even somewhat depressing) and not what most people think.  

And IMHO, the Zestimates are about 20% optimistic, rents are actually much depressed.

Don't get me wrong--if I can get a deal at a 6, 7, or 8 cap on trailing actual income (which is artificially grossly depressed as a result of bad management or whatever), I'd be thrilled! 

Rent Control also depresses property values and therefore property tax collected - which affects the entire area.

He does a really nice job of benchmarking the economic impacts of this pandemic compared to past recessions/depressions. https://youtu.be/N-SG-n-C5IEDoes anyone think buying Multifamily in 2020 will be a good strategy for financial growth?

Historically, the shortest recession ends in 6 months, the longest a few year ala great depression. 

Later that summer went out to see what's going on and found that he's suffering a recurring battle with depression, didn't shave or got a haircut or showered for at least six months.

During the last financial crisis-the worst since the Depression of the 1930's-I wish I had more cash to pick up deals.