That doesn't mean I don't think there will be issues here, and we're getting cash-flow to help support the problems when they come, it just means that I believe Portland (and likely Bend) will continue to draw people-coming recession or no. 

The best days of first-time homebuyers was the early years of the recession when the government was giving out $8K to first-time homebuyers to boost the economy.

@Crystal Dundas, IMHO it's time to sell ANYTHING that you don't want to keep during the next recession.  

Just make sure you read up on the NC regulations put into effect after the great recession.

As is typical, companies operating at a loss have a high failure rate when we enter a recession.

Recession resistant asset class (people downsize, move in together, move back home, etc. during recessions)Cash flowing asset (not dependent on market appreciation)People buy a lot of crap and toys during good economic times (and need a place to put it)75% of the facilities in the country are owned by non-institutional owners (opportunity for adding value)Small ($10-30) rental increases create large increases in NOI and property valuationSticky tenant baseUnits are easy to maintain (brick and metal, no amenities, little landscaping)Location, population growth, and barriers to entry matter. 

I'm thinking about putting the money somewhere 'safe'(maybe something like us treasury money market fund) that would give me enough returns to match inflation, so that i could then invest that when there is a downturn/correction/recession, without losing any of my buying power.

(I kid Joe) If you're looking for market commentary on a catalyst for the next recession you're wasting your time.

So a full breakdown of the work that was done:New Roof and GuttersNew upgraded 100amp ElectricalNew Garage doorsNew PlumbingNew AC systemNew Kitchen - cabinets, SS appliances, granite counter, backsplashOpened Entry way to kitchenAccent Wall in living roomNew BathroomNew Front PorchInterior Paint (Exterior not needed)Recessed LightingLandscaping - fixed yard, removed tree and overgrown bushes, fixed fencingThe Numbers:Purchase price = 70kRehab costs = 32kSale price = 165kClosing costs = 13kNet Profit = 50kAnd now everybody's favorite part, pictures!!

Currently, I have a few smaller projects on a couple of houses: carpeting/tiling floors, painting walls that contain LED paint, installing A/C and heating system, installing light fixtures, installing appliances, making sure electrical wiring is safe, installing recessed lighting, insulating/waterproofing medium size room in the basement.