The recovery is complete and the market is picked over in Arizona. 

Both have high credit scoresProperty Goals: Positively contribute to the growth and recovery of SE MichiganThe Property: Type: Quadplex with Attached Commercial unitLocation: SE Michigan, 20 min commute from either Detroit or Ann ArborAsking Price: $269,000Repairs: $20K max (tear down of a barn that needs to happen within the next 5 years and maybe a kitchen rebuild)Approach: House Hack for 1-2 yrsProperty Income: $517/mo. after expenses while house hacking, $1,017/mo. after I leaveCash on Cash ROI: 15.9%Numbers I used to calculate this: ARV $269k (to be super conservative), $3k closing cost, $20k repair, 20% down with a 4.8%APR amortized over 30yr., Taxes $7779/yr.

If the economy hits the rocks, so will the RE recovery   

Dallas, Denver look very healthy Miami has some red flags as some others Great time to be a landlord and home seller/flipper.It would be hard for Fox News to report that there is no recovery The stats are very encouraging with significant wage growth thru multiple areas

As a father of a 2yr old and a 1 yr old, I didn't even know where to start recovery, how to explain things to my wife, etc, etc.  

The reason I think this is that lending standards are loosening much more slowly than they have during prior recoveries.

That is not any kind of guarantee on the Maine market, but perhaps you guys are not too far behind on the recovery.

The value of the real property and subsequent recovery from the collateral will struggle to catch up and costs associated with dealing with the default through foreclosure.

However, I believe different items can fall under different property classes and may be eligible for accelerated deprecitiation in the early years of the recovery period.But I'm no tax expert and I'm sure Steve will correct me if I'm wrong.

The other area may be so underwater the surface is unobtainable.With respect, I completely dismiss a recovery to historic levels.