Eric Bilderback It really depends on the area, I remember in Orange County during the crash you might have a property value drop 40% while rent dropped 20%.

This was also during the crash so the landscape was very different.  

. ** and yes: I don't know how you are arriving at 50k But go see it: based on comparable sales arrive at an ARV (after repair value): then get the estimated rehab cost from a reliable contractor: Then get the ARV $: times 65% : that will give you X: minus repair cost : and that will equal your offer priceFor example: ARV is $100k : times 65% : or 65k minus 20k in renovations: so your offer will be: $45k You can't lose with this formula. 

I had some serious enquiries, so I accepted one and then built the cabin the day before they arrived :)Since then I've been hosting on Airbnb and performing music and really enjoy the vacation rental thing SO much more than traditional land-lording.  

When the toilet did arrive in that spot it was/is awkward storage space as it is a PITA to get into.

Company: I will have someone come out and look tomorrowCompany arrives on siteCompany: We inspected the area - we are going to fix it and do right by you as a customer, however we did notice a water intrusion issue in your basement - that indicates to us it wasn't our workmanship that was an issue.

There are some areas that have arrived and other areas that have not.

We could have a crash that starts tomorrow or we could die on the sidelines while we wait for the crash.It's always a good time to invest.

This is a duplicate post... the iphone app crashed when I hit post and I thought it didn't get posted, but it did...

@Sai Toll, flippers didn't cause the crash.