TBH the SC property was simply the result of informal Zillow searching, and it appeared promising due to a few factors:  Simple brick construction and layout, only 2 of 8 units upgraded so potential value add, community with some growth and within commute of major job centers, and priced lower than our current rental property which also has 8 units.  

-Photos of major items (so there’s no debate later).

It makes the worrying case that every human civilization in history has experienced a four-generation cycle, culminating in an existential crisis that reshapes society and kicks off the next cycle.Part of that has to do with building strong institutions in the midst and wake of the crisis, and those institutions gradually decaying over the next four generations.The last of those crises in our civilization – the one-two punch of the Great Depression and World War II – happened four generations ago.

On another note, if you’re looking for cash-flowing markets in Ohio with less competition and strong growth, Columbus has been really solid—population and job growth are booming, tons of major companies are moving here, and you can still find properties in the $120–180K range that hit the 1% rule.

N CA went into a deep recession / depression and their projects got very stressed..

My Grandfather who lived through the depression and everything he ever had was paid for and most of my wealthest clients have very little to no debt..

Property taxes are high here in SC, specifically our local counties, with this being the largest expense outside of major maintenance or repairs. 

The market here is super investor-friendly with strong population and job growth, and a ton of major companies like Intel, Amazon, Facebook, Google, Honda, Microsoft, LG, and Anduril are building and expanding here.

If I recall correctly the Great Depression bear market lasted 10 years and in that time people definitely made money in the market. 

I feel like 75% of my activity here is telling new investors that out of state flips or BRRRRs and buying an $80k house in an economically stagnant or depressed area is a bad idea.