According to the BLS, the unemployment rate ending July 2020 was 7.7% with a preliminary rate of 6.6% for August 2020, compared to 10.2% and 8.4% nationally.ConclusionBaltimore is on pace to rebound well from the pandemic given its location in the recession-resistant Mid-Atlantic market.

Thanks for all the replies.Looks like I will have to search hard for deals in this area but from what I read this area is getting ready for a good rebound considering the jobs coming in to this area in near future.

While unclear how this will pan out, if more 'office' staff are needed within SF, rental prices may rebound a bit.Overall, sales of homes have dipped ever so slightly but in no similar magnitude to the rental market.

Currently things are slowing down, but I am sure a rebound will happen at some point.When you are looking for a short-term investment, I have seen time and time again, people are looking for something to cash flow, but also use and enjoy and something that works for their family.

The market is SLOWLY going up (and has slowly gone up) so that all those people that sold their stock for a huge loss near the March bottom are thinking about how they've lost out on the rebound (bear market rally).

As some noted, if your vision for Oakland is that it will rebound in 3 years and your "$1mm property will be worth $2mm (intentionally going extreme), would you be pissed you didn't suck up the $200/mo negative cash flow for the next few years?

Fourplexes, however, are unique in that they were unusually badly hurt by the 2008 recession (80% of fourplex sales in 2011 were foreclosures), and has rebounded since.

Now a days the rub is turn key providers beat most people to the better deals.. and they sell for full ARV not 65% of ARV like we used to do in the day.. so they pay more for the house rehab cost have gone up.. they have to include their carrying cost into the deal then back out their profit.so why BRRR is tough these days is the market has rebounded.. and wholesaler prices are higher and rehab costs are higher.. can it still be done at the 75% sure it can.. but in select markets sure does not work easily for cash flow properties in expensive markets unless your doing bigger commercial deals.. you have too much competition in what in reality is the cheapest improved real estate on the market.  

As soon as the market rebounded, both tenants had life changes and moved out within 2 months of each other.

I just want to know if I'm crazy for holding a property that will take 20 years to recover if the properties value doesn't rebound by 150%+.