Hello everyone, During the years after the housing crash my wife and I accumulated quite a few rental properties.

Saturday, November 5th I signed up for a Homeownership Program, hopefully that class will be a crash course in the industry jargon, as well as giving me more information.

Eventually builders will build more sqft in the city, and that oversupply will send prices crashing back down to an equilibrium level (or overshoot to become cheaper than equilibrium)I haven't looked at Miami in a long time, and I don't have a sense for what the situation is right now, but I'd listen to whatever the numbers were telling me rather than force it.

Seems like prices have risen over the last three for four years, but they really took a beating in the crash.

Trying to time the next market correction is like trying to time the next stock market crash... everything in the economy is so manipulated that it is next to impossible.

In theory this is correct.. but in CA ( and all states are different) it could take you 6 months to evict them so that's six months of payments your making.. the could leave you a 5k mess ( pretty common in a eviction scenario).. and usually when folks starting out do this with limited capital when they make money on these deals they DONT save it they will spend it  LOL.. this is partly what crashed the market last decade.. investor with little to no skin in the game and no where near enough capital reserves.. any business with out proper reserves is destine to failure. 

Now I am interested in coming back to the RE industry after my crash.

Now over a month into the process I'm being asked how I xpect to get 100% financing in relation to having a negative $90K net worth due to my primary residence being upside down stemming from the market crash. 

Funny fact:-the Canadian immigration website is down because the server crashed.

@Elizabeth Wilson  the fact is with a city like Memphis the out of state / country buyers are market makers.. they help far more than they hurt.. they keep prices from imploding.. there are not enough Memphians to buy all the rental houses. with out  your out of area investors prices would have crashed and rents as well as you would have a ton of vacancy and landlords competing for tenants.