We just hit bad timing because of the 07-08 crash. 

My wife and I purchased at the bottom of the crash roundabout 2012.

Like millions, we lost it in the last crash.

Today my neighbor/tenant crashed into the wrought iron fence that fences off the property, warping the metal and causing a few problems.

It was a great strategy after the market crash but right now prices are so high it’s hard to find a good deal.

But its location location location.. walk to cool pubs shops restaurants etc.What happens in many of these lower value areas is retail leaves banking leaves resturants leave.. not sustainable so no one wants to buy a home to live in.. and it becomes all renter dominated then the values crash to ONLY what a local will pay for a given cash flow.And most locals in these areas wont look at anything that does not make the 2% rule. so as long as you have that criteria and rents that have been the same or stable for better part of 25 years..

Don't listen to social media RE gurus who say you can buy RE "without using any of your own money and buy in inexpensive locations"  Listen to the experienced investors on BP who have been through full estate cycles including 2008 and market crashes.

The app keeps crashing on me when I go to post a reply

Do you have, say even $250,000 in cash lying around to pay your bills for intensive care after a plane crashes into your home?

And especially if the rates start to come down, which they seem to be in the last 2-3 days, and given the demand for housing in the area, I don't know if we'll ever see the "crash" being mentioned by some people.