What do I need to consider given that there is likely a recession coming in the next 24 months?

We're overdue for a recession at the national level, all fundamentals say Seattle (and many other trendy markets) are waaay overpriced, and you run negative cash flow.

I was fairly undisciplined with my personal spending after growing up in an incredibly poor household with a single mother (working in real estate during the global recession) trying to raise my two younger siblings and me.

In fact it was the Securities and Exchange Commissioners appointed by the second George Bush who adopted the rule allowing the 5 major investment banks in this country to leverage their capital in an excessive and unsafe manner leading to the great housing collapse/recession of 2007-2010.  

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.

They are a little more "recession proof tenants" then anyone else who isn't retired.

Hello,Do you think if there was a commercial real estate crash would that affect residential home prices in a recession or who or what would be affected if commercial real estate crashed?

There seems to be a lot of misconceptions about what a recession means and especially for real estate investors. 

I bought an empty lot of the land in Florida during the recession for $7000 market value now is around $26,000.

This would be my first tax purchase and I have read about issues with notifications by counties etc. and with the husband recessed it worries me.