., the property itself) is vital since, in the lender’s eyes, it is the source of repayment if the cash flow should dry-up.

Depends on your capital, but really your time, personality, skill set, abilities ect.  

@David D.So people on BP like to give blanket answers for questions whereas it really does matter who you are and what skills you bring to the table.

If you have the skills, the resources and the perseverance, you can make just as much money during a recession (if not more) than during strong economies.  

Usually don't recommend door-knocking but your market is so small, if you have the time and people skills, it might be worth your while.

Grind - Find a full time job where you can grow your knowledge base and/or your skill set and stick to it.

Use "The Learning Loop"Learn and Practice one new skill, e.g. deal analysis.Have someone else review your analysis and see if they come to the same conclusion, or have recommendations to adjust your calculus.Take time to review your analysis process. 

I read an article in the library here, that says trading skills is one way. 

But, very risky, and very difficult, and would require some serious expertise and skill with flipping, remote communication, an A+++ team you know and trust on the ground, with a GC who is completely on top of things, and completely trustworthy.  ...I have many years' experience in all areas of residential real estate investing, and personally, I would not attempt to oversee a rehab from a different state (let alone a different country).You also mentioned flipping--right now is a very risky time to flip (especially for inexperienced people).

He believes it supports his investing skill and success, and he realizes that one's values are the key to it all.