I am located in Lynchburg VA and am doing my undergraduate studies in Finance and Economics. 

I read the economic reports for the 2020 NC outlook and outlook is promising.

Now, I am looking to buy my next multi family property within the next 10 months or so, my question is was the best way of economically buying my second property?

The big foreclosure crisis happened when a ton of homes hit the market all at once, everybody was upside down, and few people could buy.

Mind you there are situations where you may want to NOT expense it all like if you know business is gonna blast off next year and you'll be in a higher tax bracket so you push the depreciation back and get more economic benefit.

Well Jake, appears I should say thank you for your service.Really, the very first issue boils down to basic economics, the 4 principles required for any economic transaction..Land, Labor, Capital and Entrepreneurship (or management).Our laws of economics say that you will have a combination of at least 3 of these principles working together for a transaction, while one may be omitted, Land will always be one of the factors used.At any time, you may require more of one of these factors than others, you might dig a ditch to make money, you'll expend a lot of labor, no capital other than the cost of your tools, land will be there and you'll follow directions of management or decide where to dig yourself. 

I also like life settlements (not related to any financial markets or economic conditions).

However, I haven't heard of this clause being enacted in about 8 years at this point (some did do this after the housing crisis).  

Stock market is up and has gone up at a disproportionate rate compared to the economic recovery since the Great Recession. 

The most economical way to comply is to leave the 2 prong installed and install grounded outlets where they are needed ( i.e...TV, computer, etc..) and grounded GFCI in the kitchen, bath and crawlspace if needed.