That will not be the case for everyone, and that is fine, but you have an asset in a competitive market that really weathered the crash in 08 (serves as historical reference), with 68.9% equity after only investing 3K of your own money.  

It is hard to see a crash in residential real estate prices mirroring that of the housing crash of 2008 simply because the cause of this crisis is not rooted in the health of our industry but due to a public health crisis.

Purchase price: $140,000 Sale price: $155,000 Shortly before we purchased this property, a vehicle veered out of control and crashed into the property.

I agree there's risk of market crashing and tenant destroying, but as long as you're doing a reasonable volume of these I think the numbers would average out to the above.

Atlantic City has crashed big time and the property has been worth a little under $50,000 for the last few years with no real forecasts of it moving.I'm renting it but losing about $5,000 a year (condo fees / taxes).

I didn't lose my shirt in the market crash and i know other investors who also didn't. so again it comes down who you choose to surround yourself with.

The smartest thing to do, as a real estate investor is to sell high, park the money in a safer place (and may be even grow it), wait for the market to crash and then buy low. 

The gains there pale in comparison to what your condo flip gains today, if you had held onto it.Next market crash though I'm in SF and Mercer Island...

If the market crashes, you'll be underwater on these houses but rents tend to go up with the downturn so maybe that's your thinking? 

Historically speaking however, Seattle home prices never necessarily "crash" they tend to follow a stair step system (prices jump up, and tend to flatten out over several years) .