You're right but $40-65k is still relatively cheap when you're just looking to buy something out right in cash without having to use a loan at all when that amount is probably your average downpayment for something around $200k for a duplex in other neighborhoods. 

DJIA Percent Change (%)​PresidentDate of InaugurationLast Day in OfficePercent Change (%)Annualized Return (%)Johnson11/22/631/20/196930.95.3Nixon1/20/698/9/1974-16.5-3.2Ford8/9/741/20/197723.48.9Carter1/20/771/20/1981-0.9-0.2Reagan1/20/811/20/1989135.111.3Bush I1/20/891/20/199345.09.7Clinton1/20/931/20/2001226.615.9Bush II1/20/011/20/2009-24.9-3.5Obama1/20/091/20/2017149.412.1Trump1/20/171/20/202157.312.0Biden1/20/211/20/202526.47.7​​Median26.4%7.7%Median Republican22.5%7.9%Median Democratic30.9%7.7%​[Source: The Bahnsen Group]S&P 500 Presidential Term PerformanceSince the Great Depression, 78% of four-year presidential terms have seen positive S&P 500 results, with an average return of 33% per term—regardless of which party holds office.​Election YearElection Winner% Since Previous Election% YTD on Election Day1964Johnson54.5613.541968Nixon21.046.871972Nixon10.5511.651976Carter-9.5514.311980Reagan25.1619.551984Reagan32.063.321988Bush61.4611.361992Clinton52.610.681996Clinton70.0715.942000W.

There are some ins and outs of that area you should know about for sure but you can find deals there and the tenant base is way above average in about 90% of the county. 

Your 11 year estimate on how long it will take to recover my capital does not take into consideration an average 5% increase of rents per year.

Days on Market (DOM) since Q3 of last year.Single-family residence values continue rising and are selling for nearly 9% more than last year - National average for home sale price increases is 4% since last year per one of BP's most recent podcasts.Multifamily properties in Queens have sold for a median price nearly 6% above last year, jumping from $1,058,000 in Q3 '24 to $1,120,000 in 2024.Lastly, despite inventory increases, the # of sold properties has declined when compared to last year.

Everything would sell eventually, but I usually had to list it at 50%-60% of 'market value' (what it had been worth before the crash), which meant it was very important to buy it at a huge discount in the first place.Even when listing most vacant lots at a discount, the average time on the market was 6 - 9 months.

They stay longer than low income cash payers on average, but they beat the snot out of your house while they are there.

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

Not 3-4x what it's worth.  3-4x the average property in town. 

Presenting average deals of : Puchase price 350-400,000.