I renovated with higher end features like recessed lighting throughout, steam shower and heated tile in both bathrooms so I have a lot to upsell with the fixed utility cost.

The back due rent was around 15k when it was all said and done, the repairs are approaching 4k, but the equity will still be nice since I was lucky and bought the condo during the peak of the recession. 

I used one once when attempting to rent my property during the recession and learned a valuable lesson.  

The tenants are professionals, who had hit upon hard times during the recession and their credit had taken a severe hit.  

Another recession and it may get there.So what can we all do: STOP INCENTIVISING PEOPLE TO NOT PAY THEIR RENT.You are hurting the other landlords that are trying to make a living.

First in the late 90s and early 2000, that was soon followed by a recession.

If you own in the Bay, you might want to consider selling now and renting for a few years... buying again in 2022  which should be about the bottom of the recession phase, although no one will know a bottom until market prices start rising again...

Those are 3 different areas completely, so aren't tied to just one market in case of recession, etc.

Like many people we’ve been a spooked by inverted yield curve, price of RE and the probability of a recession so have been sitting on our hands.

We started with foreclosures in the Great Recession.