All those in #Jacksonville, interested in their professionalism, come to the next free meeting Thursday Sept 27.They have a nice book available online at Amazon, discussing the hardships, Joe had a $500,000 portfolio wiped out from the Great Recession and there is detail in the book about the family and how they invest.

If you own a recession-proof turn key business in a busy location like a gas station, selling lottery tickets, and junk food,and gas that generates 70K profit, an asking price of over $200K will generate little interest.

CA is a mere 2.5% + Stockton local RE taxes.I sold one in Stockton for $165K triplex in the midst of the Great Recession. 

However, manufacturing companies are the first to cut when a recession starts. 

During the Great Recession a lot people lost their jobs much of it is beyond ones control.

Also, I'm not one of those 'they sky is falling' fellows, but I would be much more comfortable in this market with my holdings in larger multifamily RE than in leveraged SFH's if we were to enter a recession.

Not paying for ~1 year seems pretty unlikely...even in a major recession.

Your job as a RN should bring in a pretty good amount of money and it’s basically recession proof.

So mostly you're just looking at painting and cleaning.One more caution and one encouragement.Caution - if we get a recession this is exactly the type of property that will have trouble because the tenants can't pay their rent.Encouragement - it is fairly impossible to replace lower end apartments in small towns theses days.

Apartments and mobile home parks share the same customer base, so the impact of a national recession is that it forces more people into a rental status, which benefits both sectors.