Newly, this is a great idea. I think you may only have around 6 months to make up your mind however depending upon where you live because the high priced stuff will get hit hardest.
I would not be buying ANY investment real estate right now. Maybe a Class B apartment building surrounded by Class A's and renovate it and up the rents but that's about all I'd consider (outside of your primary residence of course).
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.