One thing that has worked well for properties like this is marketing it specifically to investors or people looking for a city crash-pad rather than just a traditional first-time buyer.

I bought my first property at 19 during the 2008 crash.

That doesn’t immediately crash prices, but it can reduce leverage availability.

I have seen three major crashes in my 35 years of lending and in all of them, right before the crash, people were pushing the envelope with at or above 100% LTVs.

I had thought though, by the 2008 crash, I had seen it all, but I guess new scams keep arising.  

Not because the market crashed.

Given, I handled special assets for banks prior to the last crash.

We shared officers back during the last crash and it was really nice to bounce title concerns off of their leadership. it did help with closings a bit, but it did not help with accessing notes.

A good service swaps them proactively, not after your KPIs crash.

I personally lived this after the 2008 crash with several houses.