My real estate 'go bag'.You mentioned a car, you don't need a new BMW or any new car or truck, it needs to be clean, with paint, dent free (not crashed) in good order, no loud muffler and don't pull up with a 10,000 watt stero blaring and clean inside, no trash.

Yes this could of crashed the rental market!

Going a bit off-topic here, but I hope not much.Since I am in this business with my wife (although I do all of the talking here on BP), I'd like to chime in and point out that we have seen a rather large number of married and unmarried couples in this business together crash and burn because they didn't wrap their heads around points like these before going into business together.It's not going to work if you go into this together just because you're both close to broke and both just want a bit more money in your lives to make your life a bit more fun.

@Jessica Hinman You sure are getting quite the crash course in landlording, huh?

Jordan Decuir I think the attractiveness of gold really depends on your definition of "crash".

With the increased use of computerized trading quick 'flash crashes' are likely to become more come rather than less, so having granular data will help to better quantify the risk.

I'm not convinced this strategy is prudent w risks that if and when investors bail out there's no retail mkt to stabilize the price and instead leads to a crash.

If you are worried that lender might close the HELOC, draw all the max and put half in a short term CD and other half in checking.HELOCS did get closed in the crash of 2008A standard full doc refinance should have $3000 of hard costs plus impounds which are not really a cost, just on going expense.

Quote from @Jonathan Soto: cash flow would be tight but you have a great rate. might be best to sell and cash in the tax free capital gains if you qualify and reinvest the money to make more money.Definitely qualify for tax free capital gains, which is why it’s been soooo tempting to just sell haha but I also know that they’re developing a lot of nearby areas and more and more luxury stores are starting to pop up in the woodlands, which is 5-10min away, so I feel like this home could appreciate so much more in the coming years (probably lol but recognize everything could crash too)  

Any remote workers without roots in the city found it advantageous to get a NYC salary at a Buffalo cost of livingthis is why Vegas may not crash.. so many CA OR residents moving there..