Its never a good time to get started so JUST GET STARTED. lol I started wholesaing in the worst climate since the great depression.

As long as the area isn't super depressed and undesirable, renovating it nicely will bump your rents up.

Good Morning everyone,This potential tenant is a RN with a retired/disabled husband and her adult daughter, a single mom with Borderline Personality Disorder and her grandson.

If the roommate fails to get him out, unless you are dealing with someone pretty disordered, you can probably 'convince' him that moving is his best alternative-- it is **really** damaging to have an eviction filing on your record.

Southbridge has been economically depressed for a decade or more and I do not see anything changing that trend. 

LL are more likely to sell when they have to go through the hassle of an eviction and have the unfortunate event of having someone live rent free in their unit for up to a few months.Unemployment in San Diego is significantly higher than the national average (estimated at over 30% in San Diego, nationally the rate is ~15% - So our unemployment rate is near double the national average) and higher than during the Great depression (it is at an all time high). 

Often in areas where the construction costs are high or where rents are depressed there can be a big disparity in the two numbers

In the case of a recession/depression the pool of renters would actually increase, not decrease. 

But the rest of the town is fairly depressed economically.Might use VA loan to get the 0% down.

Example: median sales prices for properties in Maine were up 15% last year, in the county we're looking to buy, they're up 31%.The appraisal used comps roughly 40 miles away, outside of the mountain/tourism area, closer to some fairly depressed, more densely populated areas.