I know its not legal.. but I self insure myself in that regard. some say its recession proof and some say not.. my banker says not.. he says when economy gets tough they just won't spend 200 bucks a month to store their stuff they either up and leave it or move it somewhere else.. so that's two opinions.my units were quite unique one they were A class and two right across the street from 300 floating homes and all my tenants save a very few had house boats.. so I kind of had a captive audicance and once I got it converted to mainly all houses boats..

Each recession an incredibly high percentage of them go bankrupt. 

I did a complete cosmetic rehab. new bath and kitchen, paint, flooring and recessed lighting.

The house itself is in good shape but I may do some small things to make it look cooler (already installed 12 recessed lights myself).

And all markets are different, some will keep pushing through a recession and others are hit hard. 

I experienced the last recession and the only thing that kept me alive was the fact I’d alway put a solid 20% down.  

It looks likes a global trade war that will raise prices across the board just started here in March of 2018, so sell sell sell is the best option if you believe that the drop in consumer discretionary spending will leave less money in people's pockets leading to a recession and/or downturn in real estate values. 

We refinanced and took more out of them than we had invested in them (we did not blow this money but had it in mutual funds that performed similar to the rest of the stock market in the Great Recession). 

Do you think such an occurrence was something that happens with every market downturn/correction, or do you think it was because of the monumental nature of the Great Recession? 

Real estate agent thought it was a 45k property but after seeing how it was a little recessed from the street she reassessed at 25k.