This allows you to survive if something unexpected happens, or to invest again once you get some confidence and learn more.Trust your research, trust your calculations and ultimately trust yourself.  

I was going to continue building a portfolio meant for the long run instead of quick short term profits, and survive the ups and downs of any market condition.And I bought well, very well perhaps, as most of my deals were 50-60% what banks were asking.

I am in the learning and watching mode right now and looking to invest using a self directed 401k account. 

Personally, based on my research, I feel like if you are fully aware of the permitting and inspection requirements in your market of choice, the costs of getting up and running will be taken care of very rapidly if you are planning to pursue shipping container construction as a model.  I

I would get into salvage mode after determining the amount of equity that the heirs are trying to save. 

Can anyone survive paying 32% of ARV plus 10% in selling costs.

But, assuming the business model isn't inherently flawed, with the right amount of hard work, knowledge and working capital, you should be able to survive and even thrive.  

My biz model is los ,wholesaling ,and options possibly co wholesaling the way joe mccall teaches it...assigning contract to end buyer...advise please.

A white Hotpoint model is $409.

A market correction doesn't scare me in the slightest because I invest correctly from day one, with built in equity and cashflow so that I can easily survive during the down years, and thrive during the up years.