One item like a roof (even split with the other condo association members) can wipe your reserves clean.In general the ship has sailed for cash flowing properties in the Camberville area.

The apartment complex I live in has lots of UCF and full sail but the houses in the area seemed to be families only.

I’ll keep my fingers crossed that it’s smooth sailing through closing!

Since that ship has sailed (and we've all been sailing so not casting any stones here), it's important to know that you cannot terminate their leases. 

I won which was potentially my best deal ever ---An almost turnkey home ARV of $500,000 at a all in price of $350,000 .It was suppose to be owner occupied but the owner left....smooth sailing right...wrong. 

Now you know.As an investor you have to look at the market like a captain of a sail boat looks at the wind.

Coincidently, Detroit/MI has come up many times... but I have read several posts and discussions lately that Detroit is no longer a good area to invest in.... that that ship had sailed... 

I followup later to make sure item was fixed and pay my handyman.I manage my properties with minimal time.Once you have systems in place it is smooth sailing.

So if you want clear sailing during a recession, consider these factors:1.  

It's been smooth sailing thus far.