My plan is to buy a property, whether it be single family home or multi unit, n either rent it out once I move or if a multi unit, rent out the other unit(s).

People increased occupancy by either moving in with family or friends so the demand went down but the banks were holding many foreclosed properties empty so the supply also diminished.There is no way of knowing if the next large recession/depression will behave similarly so the safe investor should be in a position to cover extended periods of reduce rents and potentially long periods of vacancy.We have been RE buy n hold investors since the mid- 1970s and have never experienced a significant rent decline in our market but in that time we have seen significant rent declines in other markets. 

Originally posted by @Roy N.

.,) as they would be more motivated to sell.To be honest it wouldn't take 1 month to close a deal.But I have enough on my plate here in N.

We have a current tenant who wants to BUY our buy n hold....

We have a current tenant who wants to BUY our buy n hold....

Originally posted by @Jerry N.

Marcus,I have a number properties in the area, combined increase is 72k .. it doesn't look consistent between even my similar properties located in the areaI can email you the list, but here are few:7817-19 W Beckett Ave - increase of 112004023 N 68 st increase 7500 for SFR8220 W Muriel PL - increase of 5400The problem that being out if state owner, I can't just walk in the officeThanks for generously offering your helpLeonid

Being a REO I imagine your buying it “as is” and the bank won’t do anything anyways so depending on what your doing, buy and hold or fix n flip..

In the event the withholding under HARPTA is excessive, the Transferor/seller may apply for a tentative refund using Form N-288C "Application for Tentative Refund of Withholding of Tax on Dispositions by Nonresident Persons of Hawaii Real Property Interests".