And if your'e so inclined and you think oil will have a short term rebound, you can buy securities to ride that wave back up.

Here are a few articles I think you may find beneficial if you would like to learn a little more:http://m.metrotimes.com/news/news-features/detroit-s-real-estate-market-sees-rebound-1.1580633http://www.forbes.com/sites/realtorcom/2012/06/14/detroit-real-estate-comeback-kid/http://www.mlive.com/business/detroit/index.ssf/2013/11/developing_detroit_metro_detro.html

Most areas with housing in entry level heave peaked out on the rebound so you are buying the rental mainly for cash flow.

If we had more of a finacial backing or collaborating hard money lenders who have been in the investing business for some time, then I could more appropriately see us buying and fliping when the market rebounds; 3) We don't want to approach this venture with limited experience and end up on the losing end.

So while the economy and house marketing struggle to rebound...Laissez les bons temps rouler...Let the good times roll!

Hopefully your credit has rebounded enough for you to qualify for a O-O loan for an inexpensive duplex? 

In my neighborhood house values have gone from the peak of 185,000 with foreclosures down to 75,000 at the bottom.Now it has gone back up to 85,000 to 90,000.Most of the foreclosures are Freddie Mac in my subdivision with a couple Fannie Mae's.I do the bare minimum to maintain the house.I am not worried about the value and simply the mortgage payment is much cheaper than rent for a similar house in the area.Eventually if you hold long enough it will rise back up to meet debt payoff.I don't see the primary residence house as my source of retirement.I see the other owners taking great care in my subdivision of their properties.This can only help the development to rebound sooner in value.

That is quite a dip, but it's good that looks like it's starting to rebound.

“You know that’s a sign that the pressures aren’t just local in nature but they’re really more regional and connected to this larger regional economy,” University of the Pacific economist Jeff Michael said.Michael says Stockton’s No. 1 ranking is a sign the city if rebounding from bankruptcy.

Banks know that the markets have rebounded somewhat and are looking to get back as much of their losses as possible.