But you are asking the right question.You'll get some good info also if you stress test a  cash out refi - impact on current property performance + performance of new property. 

@Kristi Troy Pick a specific market that you like & think could perform well.

Is there any recommendations on an entity off of here selling performing multi family investments.

There are first-time homebuyer programs that often allow down payments of 3% or 5%.That would mean you could get your $500K property for $25K + closing costs and would have probably about $70K of your downpayment money left.With that, you could buy 2x residencies for approx $150k each in well-performing locations in the country.

But I'm just wondering how RE performs during recessions.

Have you ever looked at performing real estate notes? 

A 200 acre park is being developed that will include a multipurpose pavilion for music and performing arts, 3 miles of trails, a great lawn, a fishing pier, pavilions, multipurpose practice fields, a cricket field, wildflower meadows, 400 parking spaces and other amenities on 64 acres.

@Joe Prillaman I am going to rent out your "struggling" Airbnb and help you boost the ratings.

Find someone willing to be a project manager and have then manage the cost/schedule/performance. 

Moonridge is one of the better performing area in Big Bear.