The school district (12) is rated as one of the best in the country - house prices are very stable; even during the recession.

That's great price appreciation, of course helped a lot by the rising RE market over the last 5 years after the recession, but there are plenty of places where real estate has not rebounded, so I guess that is a point for Lynn!

I did buy a value add multifamily recently but I'm holding on to a good chunk of cash until the next recession.

The boom already happened there and now prices are higher than they were before the 2009 recession/crash.

If you go into a recession loaded with debt, especially if that debt is financing non-performing 'assets' (student loans) you could easily get cut if you own property, have a few vacancies, mortgage/tax/insurance is due, and so is the non-forgivable student loans. 

If you’re invested in mobile home parks & silver, recessions can be your friend not foe!

entire main floor renovation. new kitchen, new roof, recessed lighting Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

That being said there will be more opportunity at some point--if for instance the trade war gets real, and there's an increase in cost of construction, or if there was a big recession and real people lost real jobs and that led to foreclosures.I just think we're in a lot better economic shape then the last time.But history does repeat itself and there could very well be a 10-20% correction in a lot of overpriced markets.There's a lot of apartments and rentals that just don't cash flow trading at 15-20 GRMs

But many factors make that unlikely for most.If you are willing to put in the work bigger commercial apartments can build wealth much quicker and sustainably than there smaller counterparts.The default rate of Fannie Mae/Freddie Mac multifamily loans was less than 1% during the 2007 recession (Cash Flow Performance of Fannie Mae Multifamily Properties: Evidence from Repeated NOI and EGI Indices*).If you can buy big apartment properties that cash flow and put them on long term agency debt its a very safe investment and if you can increase income and decrease expenses you can drive huge capital appreciation.

However, I have a certain feeling that the market started to go to recession, is this also your feeling?