Things like granite in a house where the competition doesn't have it, fancy trim, extra recessed lights, tile shower surround when others have fiberglass etc.

I’ve seen the days of major refis, the 13 month recession in 2002-2003, more refis, financial crisis (which was just downright obvious all the crap happening), to the upswing and greediness again, now seeing more refis come up....more jacked up prices and a lot of “reduced” daily reports on MLS.  

And a lot of people pay attention to him as he's an accomplished author and has been a BP podcast guest on 3 shows.BiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J ScottBut I would also consider that if you're young, with a long-term horizon to weather lengthy market cycles, a pending recession plays a much smaller role in considering investing then if you were nearing a traditional retirement age (50-60 years old?).

For someone that's not as conservative, or a different view on the next recession, they might have a different opinion than me on all of this2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

It's important you focus on c+, b- neighborhoods as those will likely be recession proof and you won't have to worry about vacancy.

Would the brrr strategy be effective in a downturn or recession if the overall values are down?

Being that this prospect tenant is in a recession proof job and has a long employment history and has never missed a payment...I dont see no issues with renting; especially if their previous landlords confirms good rental/payment history.

We're drivable, affordable, we did well through the recession and are doing well as we come out of the pandemic.  

What is great about this market is such a diversity of industries that employ people that the area is relatively recession proof.

I think his 100 mil in assets dropped to half of that when recession hit!