Meaning the BP calculators cannot predict the impact of a factory closing, a school being sued for $35 million from a football injury, a huge tax break for small business or a proposed highway exit ramp.It is investing and your numbers will be different from mine for the same house (I have a cheap roof guy or I can get all electrical for cost.... you own a lawn company and can do the landscaping for pennies on the dollar).

What do people think about markets like Anderson IN, that have had hard times and population declines due to employers closing factories.  

Out-of-state is a great option for lots of people (and not just those in pricey markets), but any time you have to rely on other people for the success of your investment, your due diligence is the  make-or-break factor. I

Another factor is, how liberal are the courts in your state?

I hadn't thought about the curb appeal/wow factor. I

I see a tough future for the coming generation of factory line technicians.

Special provisions are allowed for short sales, selling a note at a loss is a loss.If that investor has purchased notes from that lender before that would be a plus, but if it's a national note holder they are generally not interested.If the investor is willing to go in at the unpaid balance, just make a new loan and pay that one off.A big factor is how far under water the house is, if it's not to far gone there could be other options to sell to a buy and hold type investor if it could cash flow and they might wait for appreciation.

Whirlpool is headquartered in my city and when we did a 12 home project a couple years ago Lowes beat their factory insider pricing for us by $200 per house.

other than jobs changing like when steel factories went under in Ohio etc... every cycle's top consistently out beats the previous cycle's top)So what is your strategy?

I just started in the Carpentry union making 11/hr... and I'll get a raise every 6 months with great benefits and a good fall back career, but I used to work trailer factory that made me 25-35/hr.