Are certain classes better to own in the event of a downturn?

Failure is not an event.

Although you won’t necessarily be signing any business contracts at the networking event itself, opportunities like joint ventures, client leads, partnerships, speaking and writing opportunities, business and asset sales can often arise as a direct result.On the surface, you are building a relationship with one new connection, but delve a little deeper and you are tapping into a whole new network.

@Patrick Desjardins   I know we are splitting hairs here and I have no hair to split  :).... the act of committing waste on a property is a event of default.. but its not illegal like they can get some type of added penalty against the borrower the lender has the right to take the collateral if they deem its not being taken care of properly..

A lot of these type events will have other professionals at the events that will help you build your team.There are two that I suggest currently on the Dallas side:http://dfwinvestors.com/http://www.meetup.com/DFW-Real-Estate-Investor-Net...They seem to have more real people doing deals than presenters selling programs for thousands of $$.Another meet up that is probably closer to you is:https://www.dallasreig.com/I think they meet every Saturday in Arlington.  

Failure is not an event.

Failure is not an event.

You may have to just pay off the loan and sell the land in the event of a total loss.

Additionally I had browsed the Lake Chelan vacation rentals called The Lookout which is being done by the same company.I attended an event and some 'typically rental income' numbers were provided but it was an Excel file that looked a little too basic to trust.Would love to hear about anyone's experience with this.  

Yes, you will need to recite the chain of events at some point.