People made a killing during the last bubble because they saw the market tank and new it would rebound.

I know this market is a turbulent one right now, the post Covid-19 rebound will be a challenging one for this area I know.

How long should I wait for my credit to rebound for my next deal?

But then I turn the table and say “but what if the Phoenix market does rebound at 4% plus per year”Talking in circles…any words of advice?

I feel you....in that...this late in life we can’t make risky decisions that we don’t have time to rebound from.

It seems Harrisburg has slowly been rebounding, i visit Harrisburg a couple times a year for different events and I think it is a nice area. 

jobs are coming back due to the auto industry rebound after the bailout. still a way's to go but a lot better than 2008. it looked bleak back then.you've got to look at what your rehab is. it could be $10k, it could be $20k or $30k. most average $10-$15k for making it a rental.Rob K does business in detroit 'burbs.

[Invest locally]Pros: Close to investments, knowledge of markets, greater control, potentially depressed prices from market crash that can rebound strongly in 5-10 yearsCons: No cash flow, only benefit is building equity, lack of diversifying[Invest long-distance]Pros: Cash flow, diversifying possibilities, potentially depressed prices from market crashCons: Virtually no control, lack of knowledge of market, distance from investments, potential unmitigated nightmaresAfter going over the options, I'm not really sure which one I would choose.

Assuming that didn't happen, we could easily hold the property until it rebounds.

Like you've stated, the market has rebounded above that of the the 2008 housing market crash, which is an understandable concern.