What a downturn looks like and when it occurs are very much open questions to which no one (and I mean no one) has concrete answers. 

They typically only rent if there is a major negative event in their lives.

The meetup is called Pints & Properties and its posted here on BP under the events tab but if you have trouble finding it and are interested in attending please let me know.Best,Jon

The event was triggered when a polybutylene pipe feeding the upstairs bathroom burst over the living room ceiling while my tenant was at work.

That way in the event that they actually don't pay I can move into the actual eviction quickly.

Option B = $400,000 Purchase price with a $20,000/5% down payment, leaving you with less equity at the beginning, but $80,000 in cash reserves.In the event of a job loss or some other economic downturn, which option will enable you to continue making your payments?

The event is posted in the Bigger pockets event section. 

To answer your sponsors question- you could either join a paid coaching group in which the coach is willing to sponsor your deals or find them at different networking events.

So in the event you elect to develop the property, you would be limited to 36 units per acre.

In other words, your tax basis represents the step up (or step down) to FMV that occurs at date of death.