While it can be stressful, it can be rewarding too.

cashflow a 'self managed' MF will try your level of patience, test your immunity to stress, demand you significantly improve your handyman skills, as well as your tolerance for the inane & ridiculous.

If you look at the decrease from just top (2007) to bottom (2011) then the drop in value is only ~12%.Not Terrible. 

.) , getting involved in a 'skinny' deal --- especially a flip --- especially as your first property, it's easy for it to go off the rails.This will put a lot of stress on you...and ultimately affect your W2 job performance. 

It is a very interesting situation because a) tax issue b) moratorium on evictions c) morally how do you feel about moving someone out during this stressful time?

The Great Recession did not result in local rent decrease.  

Saves you alot of time and stress.

My insurance has covered costs of the damage both times but the coordination from me and stress on the tenant to have to deal with a month of contractors in their apartment is a bit much.

The government should then analyze this, and notify the landlord of the income increase or decrease.

I'm also a fan of what Jaysen said, I really think you can remove some of the stress of having to find a property where there is enough of an equity gain by rather finding a property that cash flows sufficiently.