During the financial crisis they had dropped the number to 4 at one point.  

Long in crisis and short on solutions, premiums are the highest in the nation here and increasing while insurers are becoming insolvent on a routine and regular basis. 

The housing and credit crisis from 2006-2010 greatly reduced home values and the number of home sales in Detroit.

As we learned in the financial crisis, the ratings services give their stamp of approval to any client willing to pay their fees.The ideal situation would be to get personal guarantees from the tenants or put liens on their houses, boats, and other assets.

Her whole family is still rooted there (refusing to leave even throughout this whole water crisis situation) and she's got a team of family and lifelong friends--everything from contractors and a property manager to real estate agents.  

In terms of which to go with I think some pros for condos is lower cost of capital as a barrier to entry, lower cost means lower risk on your first deal, most condos include heat and hot water with the fee and that results in a less complex assignment to you as the property manager (assuming you will manage your own), I think condos fell hard and fast in the crisis and are an asset that may outperform early in this recovery (my speculation).Cons - condo fees destroy cash flow in my opinion, when I run numbers on condos those fees just kill the returns, HOAs and condo associations generally stink, there are adjustments where they can hit you up out of the blue for stuff like a new roof, that's a risk that could kill years of earnings out of nowhere.

Except for a very few years in some areas leading up to the crisis, ask anyone in CA if they are happy that they sold that property (primary, investment, whatever) so many years ago, and they will cringe, before acknowledging they would have been retired by now if they had kept it..

. :-) After the COVID crisis has passed, I think the Redfin CEO is right.

What are those people getting out of this crisis?

I also agree with the idea of buying value - we have done well buying assets when they were out of favor (apartments after the S&L crisis - when they couldn't give apartment buildings away) and selling when the market discovers their value.My plan is that I (my family) will buy one or two parks and test the waters - then if they work out, commit more capital and build a portfolio.As for the 44,000 parks - this is true - Frank's portfolio is tiny compared with the total number of parks.On the other hand - the number of parks that meet Frank's criteria for what makes a good investment (minimum metro size, diversified employer base, minimum lot size, ruling out lagoons and master metered gas, etc.) would seriously whittle down the number of parks he sees as being good investments.You are also correct that Frank didn't paint a rosy picture of the ease of management or make claims that it is super easy to fill lots.