I am still rather young (26), but have found real estate investing much more exciting/lucrative than other investments.Since beginning my journey I have acquired 5 rental properties that are all cash flow positive.

So if I'm looking at a hard money loan first position debt fund that does construction loans on multi family properties in California, I look for the worst recession for that (S&L crisis recession).

It all depends on how we're qualifying for the loan -- are we in a position to be able to provide tax returns and income for the purposes of qualifying?

Decided to take action and build a team in St.

A win-win situation on this property that has had positive cash flow ever since.

Once your net rental income is 2.5x your personal housing expense, and you have no other consumer debts, and assuming you are only purchasing cashflow positive real estate, you can get a Fannie loan with "Landlord" as your job. 

Purchase price: $194,500 I purchased this home with the intention of fixing it up and renting it out after I rehabed it.I have been earning a positive cash flow for the last 7 years.

If they don't have experience they are unlikely to be in a position to advise.  

This might be a positive for you as there might be a lack of affordable housing in your area, which could be a positive for your vacancy rate.  

Thank you for your comment, as it made me think about my position on the buy low keep low premise.