The depressed prices are mainly due to the less than stellar school system.

Rent control depresses supply and lowers vacancy rates, so in such circumstances the worry of finding another tenant is not that great.

@Manesh Hardeo I've talked to a couple folks in more depressed markets like Dayton, O. that can pull it off...it's a questionable strategy at best...guys like Michael Quarrels made this popular, but as a broker, its unscrupulous (in my opinion anyway).

I mean they are rising to the levels beyond Great Depression. 

Chances are good it does as it is in an area that tends to be economically depressed (but it is set to explode with growth).

One scenario where I see ACV used a lot is in older structures in towns with depressed pricing. 

While a part of me still calls it home and loves it, there are parts of town that are downright depressing. 

I once didn't know a tenant of mine had another episode of depression, till the grass got to be two feet tall when neighbors complained to the town.

Also, it seems like the bargains that do exist are in depressed areas.

We were in the middle of a once-a-century Great Recession/Depression in 2010.