.- I think Las Vegas has made significant progress in diversifying its economy since the Great Recession.

That means the dividend yields will go down as well.If you look at rental prices during times of recession, they do not decrease much.If I own $100K in a REIT and my net dividend is 4% per year, I collect $4K per year.If market drops 50%, REIT is now only $50K, Dividend still 4 %, I collect $2K Per year.If I own $100K House, net cash flow is 4 % per year, I collect $ 4K per year.If market drops 50%, my House might lose value, but my net rental income will still be close to $4K per year.Also REIT's, do not allow me to benefit from loan pay down and depreciation which are basically guaranteed returns.

Add to that a high risk of an economic disaster, either high inflation or recession/depression.

I've lived here since 1989 and the only real blips on the screen I've seen in my time have been during the tech crash and the 2009 recession.

Just as we are and many other nations.The world is in a recession, and although I am bias, I do believe we will come out ahead when it is all over.

As for the battery, there are five throughout the entire house, two of which are on 20' foot ceilings.As far the light bulb, one was stuck inside a recessed can and the tenant had even wrote me and said they didn't want to touch it in fear that it would break so they gave me the flood light bulb instead.

Basically, the city is taxing the building based on a pre-recession value.One of the first things I'm going to do after closing is to appeal the assessment with the city. 

As for exit strategy, the reason houses are still cheap here is that we were late going into recession because our houses were never overpriced and we are later still coming out of it.

What happens if he puts in $5000 worth of recessed lights in every room, and your expectation was to leave what was there...It's all things that you will learn as you go, but my suggestion is get some help from a trustworthy person on the first one.

Gov Job Recession Proof.