This is even more true if is section 8, where the rents are inflated normally by being benchmarked to some metric that includes higher rent properties but where the property prices to buy are still depressed because well its not a great area. 

But its a very depressing city, nothing going on.

You can also increase density with more apartments there are 60+ duplexes new construction in florida right now listed and the majority are in Lehigh Acres, Fort Myers, Cape Coral. that area is depressed in my opinion by rental values, lack of infrastructure, lack of commercial development, etc so we personally stay away from It and focus on urban infill like tampa, Orlando, Jacksonville, etc. 

Another scenario is if we experience another great depression, or prolonged recession. 

Yeah, kinda depressing, I know...

Hey Ryland,Thank you so much for posting this.I'm in the midst of a partner sabotaging our business by offering a competing service to our shared email list.Without getting into detail, the stress and depression have been crippling.

A distressed seller or property may have a depressed price, but that price is the market value when the conditions of the sale meet the market value definition. 

For Iowa, the area is economically depressed and you may have difficulty just renting it.. 

Many of its depressed areas are making some pleasant changes, and it's still relatively commute-able to Seattle, so it should also be very in-demand with renters.Good luck!

Plan for the worst case scenario and look for your numbers to work out even in depressed times.