I believe that this changed after the housing crisis, but I could be wrong.Please let me know if any of this is not correct, as I dont want to spew misinformation.

How did the 2008 Subprime Mortgage Crisis affect Note Investing, whether buying, selling, or your inventory on hand if you were carrying notes at the time?

How did the 2008 Subprime Mortgage Crisis affect Note Investing, whether buying, selling, or your inventory on hand if you were carrying notes at the time?

I find anyone in crisis to be a bit flightly, it is part of their emotional state.   

The fines are not something to sneeze over, and with Oahu's housing "crisis" I think it will get worse before it gets better.Like I said initially -- be comfortable with the risk/reward tradeoff if you are considering this strategy.

Prior to the financial crisis there were more than 100 banks started each year.  

The exception is if the Dollar were to go into a currency crisis.

I prefer to keep a healthy savings to prevent those "crisis" moments from ever occurring, and I really like dealing with OPM (other people's money). 

I took all my PTOs to remodel the house, and quit the job after that.And then the financial crisis. :)Fast forward a few years, I'm doing reasonable well, have a number of properties, and have my own consulting business. 

As long as the property is performing, the vast majority of the time, you are better off doing regular maintenance vs. waiting for something to break / fail be a problem that could escalate to a crisis (nothing like a sewer line back up!).