Similarly while it’s being smoked it’s pretty strong — but once it’s done, the smell disappears sooner rather than later.

We have immense liquidity in the system and no mention of any looming threat that could disrupt the financial machine, at least no legitimate one grounded in reality and logic (yes, I have heard the fed printing will collapse everything, buy gold & silver, I have heard this for 20+ years, it's always magically "just about to happen") COVID, arguments of how covid will crash the housing market.

One question I have is about the hurricane threat.

The current tenant is a threat to your well being, both physically and financially.  

And dude, if you are looking to invest somewhere with only $20k liquid cash that may lead you right into a very low performing market where your on paper projected returns disappear through turnover costs, operating costs, Capex, etc and you may have a hard time if/when you ever want to sell since your buyer pool will be limited to other investors.

You haven't seen a seller's market yet, but when the pendulum swings back, many discount brokers will disappear.

I too believe a recession is on the horizon, if for no other reason than everybody appears to be bullish with no great threats on the horizon.

Most of your stench WILL disappear once you get food residue off the wall.

As an expansion or similar idea to this threat, would your vetting process or consideration be similar if you were actually bringing to deal to the table for the GP or Sponsor to syndicate? 

Sudden, rapid growth can make 100k disappear pretty fast.