- Even if you had the cash to buy on the cheap, was anyone lending- If you bought sensibly and cash-flowing, did you even care because you could carry through the crash- Was the rental market hotter because homeowners became renters, or was it colder because tenants couldn't afford their rentcc @Anthony Thompson

After hurricane Katrina I did a bunch of remodeling work and flipped a house that didn't go great during the 08 crash so it became a rental until i could unload it.

. :)I used to list, negotiate and represent buyers of short sales back in the hey day of the market crash. 

So they won't lose all their money if a crash happens, if they just manage like professionals.I think I just saw that Matt Faircloth's DeRosa Group is raising capital for a big purchase in KY. 

But if you only look at the data that caused the last crash as an indicator for the next one, it will blind side you. 

If the market crashes the day after you finish your rehab, would you be willing to take a loss on the property, could it make sense as a rental, could you hold it for an extended period of time or move into it should you not be able to sell it or rent it out?

My biggest fear as an investor (and father of 3), is that I'll overextend myself and end up in the same position that a lot of people were in during the crash. 

I hear some people think we are going up still and some think we will be crashed by this time next year. 

You don't want to encounter some unpleasant surprises later that might affect your profitability.

Yes, a win for them if the deal goes well, a loss for them if the deal crashes and burns even if no fault of their own.