In my opinion, nothing will prevent them from walking away if the market crashes again with such low down payment requirements.

I also got hit hard by the crash. 

When a deal arrives and I need to evaluate the rehab cost should I have a contractor and will he also know what need to be done to be in inspected?

Many experts feel that California and many other markets in the country are so much higher than where they were before the last crash, that there may only be a year or two of growth before a market correction. 

You have to look forward or you'll crash.  

I am using the BP rental property calculator to arrive at a purchase price that would work for me and my goals.

People start arriving around 6:00 and they talk before the meeting.  

Of course something unforeseeable could happen to cause a crash, but assuming that doesn't happen, I don't know why you wouldn't wait to sell until next year.

@Chris B.Many Chinese buyers are investing in the US for the following main reasons:- Immigration- Education (every year 300,000 students from China are arriving in the US for studies)- Diversification/investmentsEach of the reasons above has been increasing significantly in numbers every year and we expect that this trend will continue.

What I'm considering:Adding Last Market Sale Date prior to 2009 (both)Reducing Tax Assessed Value from $200k max down to $150k max (both)Adding 7 more zip codes (only absentee list)I will still hit 1000 lettersReasoning behind including last market sale date because is that a lot of my calls have been from landlords who bought after the crash, rehabbed, rented and are now looking to see what they can get for the work put in.