But because we don’t depend on our real estate investing income for survival, if there is a market correction that causes a decrease in home values more than 20% and rents to drop 15-20% also, then our cash flow may temporarily go down to zero.

That model seems to work really well for REIAs, so some of them may well survive.

I know every state is different, does anyone know in Colorado if the HOA leins survive these sales, or are they wiped out by the foreclosure sale? 

When the Real estate world crashed I bought n sold many flips - needed to survive.

If someone owns a property free and clear and rents collapse by 90% even, they can survive.

Otherwise, Hawaii will survive and those who invest wisely will do well.

Our regulations are also very pro tenant and to survive you learn how to bend the rules to the breaking point.

If you buy a deal that can't survive a correction, it's a bad deal.if it's a good deal, buy it....buy it RIGHT NOW.Passing on opportunity is FAR more risky than anything else.

There are people here who can survive a crash worse than the 2007-2009, there are people who will get devastated by the smallest of economic downturns ... 

When you walk into a phone call, meeting etc. with this in mind it sorta makes the large issue silly, I often start meetings this way...to pull everyone out of the legal/expert arena and into....oh we are actually all trying to survive and syndicate a solution together.