I say this even after my first home purchase ended up upside down for a number of years when the market crashed.

He pulled his money out of the stock market prior to the 1929 crash.

Or pray for a real estate crash 😊

A second lien is unsecured, and is not safe (the RE crash of 2009 was not too long ago). 

For those who have a good job and free time, it's usually fear like "What if the market crashes", "dealing with tenants seems hard", "I dont want to risk my 9-5"

@Noah Bacon I’m worried about taking on more debt currently and the possibility of the Fed and the Republicans causing the economy to crash leaving us with high unemployment.

All you need is a bad storm and that will come crashing down through your house.I think $5000 but it will be a worth while investment in terms of safety and probably save you some on insurance premiums.

College kids and kids in that range ( 19-28) are usually looking for a dependable place to crash, and to go to work or school.

Wala,I lost a lot of money during the dot.com crash, so your hunch is correct.

So suppose there isn't a crash for a small correction.