Once we hit the down turn, credit will dry up and you may find yourself needing lots of cash to buy distressed deals from other investors who employed to much leverage.

It has dry and unfinished basement ( walls are sealed and painted white).

We still face a serious shortage of listings, but now, even my buyers are drying up.I thought it might just be me, but as I've talked with lenders and other agents, multiple people have seen the same thing and nobody has disagreed.How about you?  

Of course there are many factors that can change the outcome but if it is a cut and dry case that is the basic way it works.Hope this helps,Chris

Basically it is sheets of fiberglass covered in resin around a form, and after it dried the form was pulled out. 

However, I do not have experience investing during an economic downturn, and I'm wondering: if the economy changes between now and the time I need to refinance, would you expect asset-based lending will still be a viable option for STVRs, or would it dry up? 

Here's a fancy graph of the timeline of deductibilty and where it falls for those of us who enjoy pictures vs a bunch of dry back and forth between CPAs.J of A - How to Scale the Wall of Deductibility

But, you must trust that this buyer won't go around you and leave you out to dry.  

., wash/dry on on Hoyt Ave and have a ballpark for the monthly rent.

I have seen houses in flood plains with basically dry creeks in the back of the property, which would mean having to pay extra for the insurance with not much benefit.