I see a few solutions though, 1) You already have a ton of cash stashed and don't need banks or2) You have relatives or friends who will finance your projects or3) You understand Hard Money and how it works or4) You will be partnering and doing Joint Ventures or5) You will be doing Subject To, so you don't need banks or6) You have one amazing printing press that spits out $100 bills like candy (I don't recommend this one)And, by the way, Phoenix, Mesa, Salt Lake, Austin and a whole bunch of other places are better places to invest for safety and return than SoCal right now.

Please network with @Michael Swan (Guest on First week of August).

My mother lives in Lake Tahoe and we checked out doing an LLC California, Mississippi, and Nevada.

Jonathan, were you born and raised in Salt Lake City?

We are looking at Airbnb on the lower unit of a duplex on a lake that is going to be our long term home outside of Anchorage and the summer months would pay for half the mortgage of this gorgeous lake house.

If you are in Pearl Harbor and want to be in commute range,  I would look at locations like Salt Lake, Aliamanu, Foster Village, Halawa.   

We have a condo in Edgewater on the lake, with a unit facing the lake. 

Awesome skyline, beautiful downtown, great nightlife, amazing restaurants, scenic along the lake, etc.

I'm of the opinion that this time is a little different, regarding home loans have been much tougher to obtain and there are not nearly the subprime mortgages as we had before. we will probably see a more traditional recession, slight slowing of economy the next downturn.The fact that so many subprime loans brought down the economy, give money to anyone who breathes, is NOT being repeated bodes well.But markets where the house prices are just so high compared to the wages.. there will be some downward correction.Always look at the median income to house price ratio.. some areas are extreme and are ridiculous.. bottom line, some areas are in a bubble, some are not, emerging tech hubs will be most insulated, such as Raleigh Durham, NC, Austin, Denver, Dallas, Portland, Charlotte, Charleston, SC, Nashville, Salt Lake City. 

I currently utilize Evolve for my marketing/booking/calendar/payment services for my VR in Lake Tahoe.