I'll wait and see.I am of the opinion that the recession won't be as real estate driven. 

That never happened, thanks to the recession of 2008.

Also the Rexburg market is hot but I think with the growing student base and recession resistance that that provides warrants the higher prices than other cities in the area.

If you invest in apartment buildings and maintain conservative underwriting practices by purchasing for cash-flow, securing long-term financing & allocating adequate cash-reserves, you have positioned yourself well for any recession.

I had no idea what I wanted to do at 18, the recession had just started and I wanted an adventure and the war seemed like an adventure.

The effects of the recession dragged on longer in these markets, with staggering foreclosures in Dayton through about 2015.  2016 was when people started first flipping houses in Dayton, not sure of Cincinnati, but with about an hour or so between the two, I can't imagine a huge difference in the landscape.I have seen a lot of developments popping up between Dayton and Cincinnati as the area revitalizes. 

Credit is pretty easy to come by now, but if we go into a recession credit can be a lot harder to get.

I am a bit more drawn to a 2 bed unit because I heard they are more in demand through a recession, compared to the higher end and lower end units.

Is there a lot of risk investing in properties now (high prices + potential recession)?

With the number of condos etc. coming online in east austin (and all over austin), it can drastically affect your rental income in the future and send you more in the negative...and who knows what the impact may be from the next recession.