Maybe I should of loomed first lolI've been thinking if the looming threat of recession could be the final straw that will break the preverbial camels back to real estate prices.I have heard that the shut down really stretched those doing the STR model and wonder if high gas prices + inflation + ressesion would see another dry spell in vacancies.

So if you're looking at that specific data-set, you get vast swaths of prosperous cities flagged as "low income," since unemployment was so high in 2010.These opportunities will almost certainly dry up when the 2020 census is done, assuming another once-a-century Great Recession/Depression doesn't happen between now and then.

Everything that used to work for me, no longer does, and I am in a bit of a dry period on finding deals.

My guess is that all that California cash that was making your market go crazy is drying up.

For example, it would be beneficial for me to take the damaged walls down vs starting to hire equipment to dry the walls that would have to come down due to water damage. 

That moisture is going to end up condensing somewhere and may cost a lot in dry rot repair.

Quote from @Amar Amar: You lose control, they make profit, they will scurry away and leave you hanging when the money dries up.

Texas requires more than one beneficiary or the trust is a dry trust, meaning not properly formed or maintained.

Seting up a sep. account just for rent checks sounds like a good idea.The one gotcha that I cannot stand with having a LLC here in NJ is if you need to evict a tenant and go to court for anything even something as cut and dry and simple as non payment of rent, if you operate as a LLC you MUST be represented by an attorney in NJ vs if it is held in your name you can go to court without an attorney.

It's better to have more left in your pocket than be looking for more cash when a tenant leaves you high and dry.