If it happens it happens.  People who buy prudently have nothing to worry about.Its been proven no one can time the market.   If your desired multi declines 20%  will you buy or hold off hoping it goes down another 20...

I did a couple flips early on and a rental and sat on the sidelines awhile cause the market crash scared me.

I don’t want to crash and burn but I’m also ready to crash and learn.

Houston historically doesn't crash, it will correct but most are predicting not for another 2 years.

If we look at the pre-recession years, we see that the Total Listed quickly sky rocketed in the years preceding the crash.

@Cliff C.Cashing out to just spend it (even on rentals) is risky in my opinion because you have now excepted the losses your 401k has taken because of the market crash.

Prices are approaching the levels of pre market crash.

The developer who built the 8 townhomes  purchased this particular lot as well, but in the crash was not able to develop the entire area and stopped at 8, having to give the remaining parcel back to the bank. 

Finally after the crash we were providing up to 25 per month to major hedge funds.  

Also regarding waiting for a crash im keeping some funds in reserve but still investing just to get experience and contacts so when it comes im in a solid position to capitalise.