The out of state investor was enticed to buy and the current cycle you are seeing came to fruition.Now, I agree with you whole-heartedly that out of state investors have no business buying cheap, run-down and economically depressed neighborhoods. 

Melatonin is great on occasion but long term is can worsen or cause depression in some people.If you haven't read it, I highly recommend High Performance Habits!

Yeah, this one actually sat on the market for a while and the owner got frustrated...this was a relatively depressed area at the time, but its' come back a bit.

Maybe he survived the depression and puts coins in the walls I’m not sure?

Jumping in without doing a strong numbers analysis and GC has cost me monetarily and led me to intermittent episodes of anxiety disorder; however I feel fortunate and, at this point, undeterred.I'm emotionally recovered enough that I'm now ready to remodel a house I purchased as a home back in 1992 in Longmont, CO; I held onto it because I always thought I might move back one day. 

Are you soliciting to purchase depressed properties.

I have visited a few times and I am loving it there....I really want to move there because it seems to be a bit faster paced and more diverse than Columbia SC which is what I want/need in my life.....My happiness will definitely increase by a lot considering that I’m a bit lonely here in Columbia and tend to get depressed a lot being alone in this state......However, I feel like i have to do what makes sense investing-wise and I will make all the sacrifices I need to.

And not in the good way like our parents and grandparent who went through the depression - everyone was poor then.

I know one guy that buys bank foreclosures in a depressed refinery town. 

@Vlad Denisov there was just an article posted the other day about the inability of economists to correctly predict recessions/downturns/depressions etc by examining claims and market cycles over the past 100 years or so.