@Elaine Hester I appreciate your candid post, and I think people should read it carefully, as you gave an honest and real example of a laypersons experience investing during the Great Recession of 2008-09.

As we enter a high interest environment with an impending recession, how do we maximize our FCF and equity value on our portfolio?

And only a tiny fraction has been through more than one recession. 

“Seems like getting lending is over complicated and no-one wants to make money.”Not sure if you’ve read the news lately, @David Roe, but we are in the middle of a pandemic and at the beginning of what could be a severe global recession.

It's tough to see the depth from that bathroom picture, but its a 1ft x 3ft recessed shelf (same size as the window above it)

My mentor taught me how to underwrite for 6-8 months of operating reserves, not be too aggressive with the rent growths or rent projections, and to be conservative with the terminal cap rate so I can protect my investors and my reputation as an investor even if the market environment changes.I believe that many students make the mistake of hiring a mentor who hasn’t purchased a multifamily deal since the Great Recession.

Although Atlanta has good economic underpinnings, it's not what it was before the 08 recession.

I have heard that if there is another recession or things hit the fans, the banks have the right to withdrawal the HELOC.

Different banks have different appetites and early on, I had to talk to something like 20 before I finally found one that would lend to us (this was back during the recession, it's better now, but you still have to do a lot of looking).

Does DC and recession belong in the same sentence?