The other big loser is the investor who thinks they will wait it out thinking there is going to be a  crash of some sort or prices will get better ( this will happen of course to some degree as some sellers panic) but its not going to be a 08 low hanging fruit event if it gets that bad DEBT will dry up and unless your a TRUE cash buyer your not going to get a loan anyway. so in my mind losers right now are Tenants and Investors who get mired in Social Media doom and Gloom as long as debt can still be gotten I I see it every week when our deals pay off and the new rents basically support a decent COC return real estate is the place to be for long term wealth. 

@Anthony Chavez you do have to hang onto the stuff for a specific amount of time depending on where you are at.

I don't want those taxes hanging over me later on. 

You can buy them to hang in closets, and they suck up all the moisture in the air.

Take a contractor with you on your first few deals, actually a few contractors and you'll get the hang of it. it varies by city, state. out here (los angeles) I am OK if I do about $90 a square foot.

My husband and I would love to come hang out and talk STR!

Hang in there and good luck.

Once I saw this, I stopped looking for the low hanging (and on the ground) fruit, ans started looking for ways I could make money with the fruit at the top of the tree. 

I might hang up on you with that message. 

Your first deal is predicated on where you hang your license, how you engage your sphere, and who is guiding you on the way in.