I've looked at a lot of condos and houses in the past few weeks and from being in the field I can tell you that the transaction volume is picking up again - a lot of places are going into contract and prices are holding up well.My two favorite investment opportunities right now are single family homes in the top areas that your budget can afford and condos in buildings that were launched 4-6 years ago, are now in the market and have a lot of selling pressure because people who bought pre-construction want to sell and take profits. 

Even if construction is elevated back to pre-recession levels (and that's a big if); it will take several years of heightened construction to balance out the supply/demand imbalance.  

I’m a local investor here with a lot of pre existing relationships with lenders, contractors, realtors, wholesalers, etc… if you have any questions give me a call

Pre-pandemic maybe ?

For a cash out most DSCR programs are going to require that the property has not been on the market for the last 6 months, but there are a couple who will allow after the property has been pulled from the market but will likely have a pre-payment penalty. 

When looking at pre forclosures, how can I find the owners contact information so that I can contact them directly to help them out?

@Tyler Kowalczik- thanks for the post ....1) get pre approved for a nypotehtical  scenario  so that  you  can make sure you can get  financing and also  so you  can  become familar with the process  2)  you will need a  down payment of  15% or more   3) once you know what a  possible  realistic  loan payment  looks like - do your  reserach on  what  rental incomes  are  realistic  and  this should help with your  decsion making .....the prices are  high in LV ...Port angeles  or  P townsend  might be  better ......consider  Kitsap county  ( although its  been  increasing in value )

There will be significant cost and time involved, hence the alternative, pre-emptive steps outlined.Focus on loss minimization rather than an emotional response.Best of Luck -

My wife and I are currently looking into investing in Detroit and have secured the pre-approval letter.

My wife and I are pre-approved for a home and have been considering house-hacking a multifamily in the Poughkeepsie area; potentially focusing on medium term rentals for traveling nurses.