BP keeps crashing on me... 

Although frankly the Ethiopian crash how do you have a first officer with only 200 hours.. in a crisis that became single pilot and the 737 is not a single pilot plane..   

#1  Invest in an older duplex in places like Buffalo, Indiana where they are dirt cheap, but have to deal with the potential crash in economy, repair due to the age of the homes, but these would generate positive cash to start with#1b  Maybe spend more to move to markets like Vegas, Bakersfield, Fresno where there are still money, but I have to put up more to start.#2   Get a small commercial medical office or something, I can get one that will generate positive cash flow for 3-5 years, but it's scary to think about what can happen after. 

Most people that crash and burn get bad assets and might combine that with cheap pm and or contractors or ones that will quit due to unreasonable expectations which is a recipe for failure. 

He will get a crash course in how real estate and real estate financing works, how to be a tough but fair landlord, and also how to adult.

I live in Las Vegas and exclusively work with investors, and I am often asked if there will be another 2008-type crash.

Many still think "the market is going to crash" and yet, it's already dropped 10-25% which historically, is one of the largest "crashes" ever.The market has "crashed" but the narrative we've been fed doesn't confirm that so people have a harder time grasping it.

Anyone in the mainstream talking about a "real estate crash" was touted as crazy.

Well, I am certainly not a professional investor, nor do I have a ton of market knowledge, but what I can pass along is a quote from one of the best: "“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.†-Warren BuffetI think what he is saying, is that if you try and ride the trendy wave, you wind up crashing on the trendy beach.

But I think the last bubble and the subsequent crash is the 100-year flood kind of scenario that is highly unlikely to happen again in our lifetime.