@Nick WilkinsonAmazing opportunity if you have reserves to last a recession.

That was doable before the last recession but I think it will be tough today.

Don’t expect market conditions to remain favorable; a recession can always come about which wipe out your profit, evaporate your equity, and frankly destroy your motivation to stay in the game.3.

If I just pay down my own mortgage, would it be easy to leverage this to a buy a house or two when we have our next recession?

Wholesaling is like anything else in a recession.

I can talk about OKC all day, but it's super insulated against recession, consistently provide 8%+ returns and has entry points as low as 50k!!

There are other areas in Detroit that were reasonably solid and since the recession have made a nice come-back and you can find good rent properties there.  

Longevity, and recession stability.And as a small play there's still decent safe returns in owning a rental vacation or otherwise. 

What is everyone's gameplan for the looming recession?

I’d use the mortgage to pay off all other and consolidate into a 30yr fixed (you can always pay down faster, typically schedule is pretty close in terms of cost to a 15yr, just you have the option not to if plans change- like recessions)Other renovation ideas, depending on income & credit- 1 yr interest free credit card for the renovations. $40k may be a bit much for this, however recently did about half that & worked perfectly for us- they paid us at the end of the year in rewards.