They neglected the possibility of regulation, and they neglected the possibility of an oversupply depressing prices.

Syracuse and Buffalo are fairly depressed cities with high unemployment and a declining population.

The thought of waiting for the right time, and going back to a "secure job/paycheck" is pretty depressing to me.

You really sound like a pitiful depressed housewife from those mid afternoon soap operas.

It's not in a war zone, but it is in a depressed part of town.  

The current rents are depressing the value of my property, and I don't want to repeat that same problem.  

If this is true, it may depress rental prices in the area when the new buildings come up because of increased supply.I normally look online for this but in this case I don't even know the terms to google for.What are my next steps here?

My wife is also a NCIDQ certified interior designer, so our homes look amazing and the opportunity to snag some depressed properties and convert them to rentals is huge, but no one will give us the length of terms we need. 

Folks that know the Colorado market can probably see the market conditions that led to over 300% appreciation in under 5 years:Difficulty in getting financing for condos during the aftermath of housing bubble bursting, thus, this depressed demand.  

These depressed neighborhoods home prices have appreciated 2.5-3X from the through do not expect any bargains anymore.Buy one is rentable condition as one can not get mortgage(FHA, low down) on the dumpy homes as slumlord.