One thing I can say is that the Midland market has been very resilient during the downturn compared to other markets driven by oil prices such as North Dakota.

The positives here are that I have connections to people who can find me student renters (with leases backed by their parents) and these things cash flow like crazy (by conservative estimates, 18% COC on a $20k down payment for a $100k house) and having college renters makes me resilient to downturns.

After an unfortunate series of events with a scammer claiming to be a real estate mentor, my zeal and resilience are ever-present to start from scratch by myself and be more active in the BP community now that I feel comfortable with the navigation.

TBH this process will obviously be a lot less stressful for you with finding money first but from prior experience sometimes finding a deal and then being forced to find money is a good way to build resilience.

People are generally resilient in these situations. 

I have a number of friends in the Meyerland area who woke up to 3-4 feet of water and have pretty much lost everything as their homes are completely submerged. 19 people from our church have evacuated and are in emergency accommodation with 2 families (one with a pregnant wife) are trapped in their homes and cannot get through to rescue services.I live in the medical centre district and the water was 2 inches up our front doors, but luckily only got a little wet, and quickly went back down to the road when we had a little respite.However, I know that Houstonians are resilient, and will rebuild quickly!

But the economy here in the NYC zone was more resilient than the oil patch and other places that were basically running on a recursive RE boom. 

They are much more resilient and determined than my generation.

However, I believe this resilience also has a lot to do with how the state of Florida managed the lockdowns versus other states.

In one of my Parks, I've had the opposite experience- investors are actually more resilient to LR increases than the regular tenants.In my opinion, it's the "lifer" tenants you inherit who typically complain the most about LR increases (and many other things!).