I hope this isn't a stupid question, but...

[Jennifer Clark]

When buying a potential rental property (to BRRRR) how important is property value (going in) ?

For example I've been looking at properties on realtor.com and many of the homes have property values that are down 8% to 23%. 

Do I only want to buy properties with values that are increasing ? Those seem to be few and far between in the communities I have been researching.