You may be seeing some great buy-side deals because that area is economically depressed, but I think that you might struggle on the sell-side finding buyers at the right price point, post-remodel.

The cost of all supplies is depressing and the increases have to be passed on to the customers.

And thats what it would be a Great Depression - total reset. 

Also, the owner of the fishing outfit (who is from the UK) said that there are many unscrupulous realtors who save the best deals for themselves as they're allowed to purchase real estate and he said deals, even in that depressed economy, are very hard to find. 

There's plenty of existing small multi out there and I could definitely target depressed buildings and get my construction kick out of an extensive renovation.

The area is older(70's era), depressed, and has lots of foreclosures still. 

Dirty and depressed. 

Sad, depressing.   

Both Mckees Rocks and Mt Oliver are depressed, high crime areas.

My wife and I do very well financially, but for me, my paycheck is just not worth the stress and depression I feel sitting in that office every day.