To get a little personal:For the last 1-2 years I went into a somewhat depression, gained a bunch of weight and just sat on my couch after work.

If the consumer doesn't win, we go into a depression not a great half time show.Dodd-Frank isn't about cheating or depriving real estate investors or operators, it's about ensuring that real estate investors don't cheat or deprive the consumer.

The prices are depressed and a 3 family home for instance in Buffalo could be bought for less than $5,000 down, and using a 203k loan you could wrap any repairs into your monthly mortgage.

Stay Away from the south side since that is the older part of Stockton and where real estate in generally depressed and values very low.

A little about my situation is that I live in a depressed area of the United States and have been investing in just buying rental properties and managing them myself.

@Barbara G.Hi Barbara I understand how prices in Waterbury can be attractive on some of the deals but you have to know the area because there are parts where the market is depressed and you will have a hard time getting a good tenant.

I know it's a depressed area, and I currently am investing in North Ridgeville and North Olmsted, but there are some interesting properties at the right price. 

Like @Scott Sutherland said, even in the downturn it wasn't that depressed.  

In fact, I was subdivision was even more economically depressed than what I initially had believed.  

It talks about a slow, depressed market...and they're from CA.