So theres a ton of talk about being over leveraged, a downturn or correction is coming, etc etc.

Well, I'm pretty leveraged. It was the only way to succeed without a 350k/year 9-5. brrr over and over.

So correct me if I'm wrong but what does anyone have to be scared of if the following conditions apply in a meltdown

1. youre locked into a 30 year conventional or 7 year commercial loan and the banks cannot re-appraise or call in full your loan as long as mortgages are being paid  per the closing docs

2. your rents can take 25-35% cut and still break even on all mortages, taxes, and insurance

3. you live in a populated and buzzing area where demand has always been heavy and unless a bomb dropped on it (yay insurance) you shouldn't have trouble finding renters

4. downturn --> people lose jobs and homes or try to downsize and  turn to renting  (good thing).

5. have solid tenants that have older co-signers (parents, guardians)

Am I missing something that the banks can still do to me even if I'm paying my debts on time?