Personally, my money stays out these depressed neighborhoods.

Cleveland is a depressed area with MANY bad neighborhoods.

What if prices depress?

Get out there and start marketing.If you have money - then try direct mail campaigns - depressed market - you can usually get by with sending mailings out to a whole geographic area but the targeted lists work great too - but geographic marketing is blanketing a whole area with a message - costs money.If you don't have money for marketing or much - bandit signs - networking - driving for dollars - etc.Before starting marketing you will need to pick you area. 15-20k homes at medium price range + or - 20% (depending on your business model) but we are talking about wholesaling - so usually the fixers are in this - 20% range.Hope this helps.

It will take a much larger volume of deals to move to closing but pay off long term WHEN a market depresses and you have lots of wiggle room before any losses are incurred.

You're going to see claims get paid out with IOU's like in the Depression again while insurance companies start petitioning the Federal government for bailouts the same way that banks did after they felt the ill effect of being legislated into giving loans to people with pre-existing credit conditions."

http://www.thedailyshow.com/watch/tue-june-8-2010/***-quest-2010This 9 minute clip was funny and depressing at the same time.

I really want to end the sleepless nights thinking about my looses on the home, the phone calls from my lender, the sending paper work, bank statements and financials, the depression.

I spent my high school getting drunk, partying, "experimenting", and skipping school with little regard for reprecussion as my school was overwhelmed with children with true behavioral disorders.

My father grew up in the depression era and so had the philosophy that you did not deserve to have something unless you could pay cash for it.