However, in a tremendously positive note, they do NOT believe the US will dip into recession, with economic growth remaining positive.This early-er cutting of interest rates; however, will not translate into sharp declines in mortgage interest rates.

income properties are recession proof.. but it seems now the market is down. 

I have never heard of Steve but many smart people think we are entering a recession including myself but many of these same people are calling for more inflation. 

If anything it taught me that I need to do this 15-20 more times, and buying during the recession was KEY in the success of this property.

Look to make sure an area is growing in population, has a diverse job economy and isn't overly reliant on one industry, strong job opportunities in tech, health care, energy, food, pharmaceuticals etc. are great because they are more recession resistant. 

And if you want to "whatabout" the Great Recession, great grab what some considered a "rough" neighborhood in Oakland in 2007, and let's even shorten it to 10 years.

It depends on if the Fed starts QE4 as our economic data continues to slow or if they let the market head back into recession. 

Bigger Pockets was one of the first resources recommended to me, and it's been a gigantic help.By way of background, we reside in Orange County, CA, and just within the last several months finally emerged from the smoking ruin of the Great Recession.

The cap rate is 4.7 and GRM is 17.4, it will be interesting to see how capital gain comes to play here.I have some experience in property management in college days (20 years ago) and looking at the past REI history in LA even through recession (2000/2008) the market seems to always bounce back and appreciate greater around high demand neighborhoods.  

Many people who did that exact same thing lost their house in the recession in 2008.