-Do a 'fear setting' exercise with them.

Look for recession proof industries, which can include things like medical and education.

@Aaron MarxHere is a useful mental exercise.

I live just south of Jamestown but have a rental in East Grand Forks that I rent to medical students.

If your interest rate exceeds 6.375% however, you now break even or have no profit.THE VERDICT: at current rates, they are compatible; however if mortgage rates increase above 6.375%, the two rules are mathematically incompatibleOk, that was a fun exercise.

The city has exploded in the past 5 years due to local health system, Carilon expanding hospital and building new Medical school with Virginia Tech which has brought a lot of out of towners here for jobs and school.

In the interim here is a broad overview of the process.First you need to do a quick feasibility exercise to determine if the project will work financially.

Rather than saying, I really do want it, and I am going to figure out a way to get it; and then exercising their mind, and increasing their creativity, create a way to make it happen.  

Real estate development is a complicated capital intensive process and there's a lot you need to know and do before you put a property under contract or close on a property you plan to develop.First you need to do a quick feasibility exercise to determine if the project will work financially.

My favourite hobbies include: reading, exercising and cooking.