There are several markets in the US that exhibit such behavior, let's pick for example South Chicago where the local economy is plummeting and rising crime rates are pushing small cities into bankruptcy depressing the real estate prices even further.

When purchasing smaller tenant occupied properties where the tenants will be remaining post-purchase, it is wise to get an estoppel certificate executed by the tenants so you, as purchaser, have some confidence that everything the seller told you regarding rents, deposits, amendments, exhibits, etc. are true and correct.

I'm Jason from Melbourne (VIC), Australia.

Hi All,Been a long time lurker on BP and listening to all the podcasts. Decided I should stop doing nothing and take some action.Got a few ideas to discuss on the forums in the near future and looking forward to meet ...

If bank financing is involved, an appraisal ordered by the bank is a good exhibit.  

Hi,A bit about me:I am Australian and I live in Australia.

She had sold some real estate in Australia and had been ripped off by her boyfriend I was told.So I went to Singapore and did a one day US presentation for her and we sold a few homes.  

Similar to Orlando, probably half of our guests are foreign, coming mostly from Canada, Japan, Australia and other parts of SE Asia.  

the issue is the OP is in Australia and what happens is most foreign investors gravitate to the large metro areas were 30k homes are square in the HOOD..

I've been in structurally sound houses that exhibited a ton of floor bounce, and I've also seen it indicate serious problems. 1st floor bounce is a moderate fix - 2nd floor, not so much. 3.