Stockton was hit hard during the great recession and is still recovering as of summer 2015.

My parents were ever-reluctant to sell as they both live in communities relatively insulated from the recession, and have a hard time accepting selling it at a loss.Enough was enough, I decided.

The upside of Menifee is that they have been building even during the Recession.  

I am not sure if Google will have another campus ro continue to build where they are at.IIRC, there were 4 states that had minimal impact on the last recession - TX, OK, LA, and NM.  

The homes didn't sell (circa '07 '08 full blown recession).

We are also adding recessed lighting to the main living area, and those guys will be here in about 30 min - one benefit of owning a restaurant - my commercial electrician is giving us a smoking deal on the recessed lights (we've given them quite a bit of business over these last few months!).

Macro economy seems to be best since recession, wondering if investors stats,( cash buys, financing stats, or type of property demands) could help formulate a 5 year plan for anyone new to REI?

But taxes are about 10-12k per year on this property and the previous homeowner was delinquent for several years)Cash for Keys: $20,000 (The homeowner agreed to vacate by a certain date to avoid a drawn out legal process, which they threatened to do)Cleanout: $750 (The place was a complete mess)Initial Cleaning: $150 (I at least needed to get the place tidied up a bit before painters would come)Kitchen Repainting / Spraying Makeover: $11,500Fresh Paint on Most Rooms (Ceiling, Walls, Trims): $12,500Hardwood Floor (Sand, Stain, Re-finish): $4,500 New Carpets in all 4 bedrooms: $4,500Lawn Debris and Hydroseed: $6,000 (and weekly lawncare until sale but that was cheap)Electrician: $1,000 (Smokes Inspection and fixed a few recessed lights + other minor)HVAC: $1,000 (Garbage Disposal Replacement, HVAC filter replacement + othersWindow Cleaning: $500Mold Remediation: $1,000 (Bathroom Ceiling)Carpentry: $5,000 (Bunch of stuff)Miscellaneous Materials: $2,000Final Cleaning: $300Staging: $4,500New Washer and Dryer: $1,000 Total: ~$600,200 (+- 2-3k)Listed Price: 669,000Sale Price: 644,500 After broker + legal Proceeds: 606,000Profit: ~6k Time Held: Bought in April, Roughly 6 Months.I didn't make much from this deal, but the experience I got was awesome.

About your interest in my market: Brazil has entered into a recession and is now fighting against a political crisis, where congress and president can't agree on fiscal adjustments that must be made to "stop the bleed", Not to mention that currency devalued over 50% in the last 18 months (think of inflation in a recession environment), unemployment rise, and interest rate up at 14.25%, hence credit became scarce and expensive.In this light, construction industry, that represents 10% of our GDP, is among the ones that are suffering the most: prices going down, growing unsold inventory (24 months in certain zip codes), etc.

Before that all I knew about real-estate was what I had learned from my father who built houses back in (pre-recession) Michigan.I'm here to contribute what I can to the community, network, and learn as much as possible now so I can kick *** later.