The most recession resistant asset class in housing is Mobile Home Parks. It’s the least expensive housing option available, and it’s supply constrained because almost no new parks are being built. As an asset class, it actually appreciated during the financial crises of 2008-2009. Bryce Robertson, Founder of investcultiv8, buys smaller parks in the $2M - $5m range with up to 50% vacancy. Because of the smaller size and the scope of the work that needs to be done to improve these properties, there is far less competition to acquire them. Bryce then turns them around with full in-house construction and management teams, refinances them, and returns capital to investors. His annual returns to investors have been in excess of 50%.