He breaks down mortgages, short sale basics, etc. and they are great videos for leading into his breakdowns of the housing crash/great recession.

Here's a list of what's included with this home:New drywall & insulationAsbestos abatementNew copper plumbingNew air conditioning, and FurnaceNew recessed lighting throughout New bathrooms (two bathrooms)New kitchen cabinetsTankless water heaterNew garage door New roofHard-wood flooring ceramic tileNew granite kitchen cabinetsUpdated Fireplace in the living roomNew interior and exterior paintI'm no expert but this seems extremely high.

How do you recommend a new investor reduce their leverage in a potential recession?

We have slowly upgraded the property by adding in a new driveway, walkway, new duct work under the house, updated the landscaping for curb appeal, installed recessed lighting and ceiling fans throughout the house and repainted all the interior rooms.

I also would note that the renovations completed upgrade the home: Recessed lighting, granite counter tops, new cabinets, new toilets for the entire house, new flooring for the whole main level. 

@Marina WongI don't really care for debt deals especially on a house flip because even if I am covered with LTV in a recession I can't rent it out and cashflow.I prefer equity deals.

I heat A LOT of varying opinions.Why do you believe we are heading for another recession?

It has high visitor counts, is almost recession proof (area saw flat or increased traffic during the recession), and while the market has risen you can still  get nice properties with that budget.

That is why you hear during recession there are those out of work go back to their old office start shooting at everyone.  

@Skye Anderson during the depths of the Great Recession scrap thieves were doing this all the time in all kinds of neighborhoods.