Agreed with Culin, I believe we are down about 8-12% with our rental though it has started to rebound a slight bit lately.

@Brian Garrett  to me it just means your market rebounded and is strong.. its a development game for the next few years have to create your own deals.. does not help with all the TV guru's teaching flipping this creates a ton of competition that did not exist.

Major MSA's typically get destroyed in economic downturns only to rebound at an accelerated pace when times are good.

At the same time, the residential market continues to slowly rebound which is causing the Flip market to start to heat up. 

There will be a re-bound economy in 2021.

Also, if the market goes down, you are not stuck with this extra payment for possibly many years while you wait for the market to rebound.  

I don't know your area, but most in my area are advising to wait at least a year to 18 months so the market can rebound.

These are some of the nightmares that run through my mind, but it's good to know you rebounded and things worked out for you!

This year we've had a lot of tenant turnover, and are re-renting a lot of units to new tenants for 15% more because of how the rental market has rebounded.

I once had former tenants move out of one of my rentals due to financial situation, only to have them rebound back on their feet and call me asking if they had anything.I was in process of buying a 2 family and the 1st floor 2 bedroom unit fit their needs to a T.