Would anyone who's seen a few cycles on the ground be willing to make a prediction about what this downturn will mean for investors and how they should prepare to keep building and growing in spite of it?  
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Experienced investors are going to examine a number of different indicators of success -- from ROI to cash-on-cash return to IRR to cash flow to hourly wage/rate to total return, etc.The most important indicators are going to depend on the specific investor and his/her goals.For example, an investor who is looking to retire and earn $10K per month for the rest of his life probably doesn't care very much whether his cash-on-cash return is 10% or 20%, as long as his cash flow is $10K per month.But, another investor who is trying to build a $5M net worth over 10 years is very much going to focus on IRR-type metrics, as those are going to be most indicative of his ability to succeed (or not).Personally, the bulk of my short-term goals are spending time with my family, as I have two young children.

In fact, I'd wager that you'll almost NEVER see a composition shingle roof applied correctly!

If you go FHA 203k, you should also go MFH and you'll have equity to parlay and tenants to pay your mortgage.

It was kind of the culmination of all of those roles that parlayed into my Commercial RE Investing career.

I'd parlay that income into investments in REITs and other high dividend yielding stocks in my investment account (i.e. taxable account not Roth) as I'd like cash now.

Great dialogue -- I'm very impressed with the wealth of experience on BP, and I'm learning a great deal.One thing that I've noticed in this community (and most, I'd wager) is that SFR foreclosures are flooding the market (I'd guess 40% of all new MLS listings currently here),and banks/housing agencies are discounting aggressively.

Hi Steve,The address is 693 Wager St.

Yeah if it's a flip may  it not be necessary but I'd wager you'd get all your money back plus.  

We hope to parlay that experience and our sweat equity to become active investors in the area soon.