During his wife’s speech (they’ve since divorced) she unbelievably relayed that they had just filed bankruptcy last year because their fix n flip business went broke; that he was sitting around the house in a state of depression, and that they decided to go to Las Vegas and get a mentorship program together based on his “success”.

This is not: the great recession, depression or the dot-com bust, market crash of 1987, gas crisis of the 70s, the economic contagion in Asia.  

I would not do gray cabinets with gray floors and gray walls  - too depressing in my opinion.

If there is ever a period of time in which you want to maximize the amount of property that you control, it's now, with the low rates and depressed property valuations.

I am guessing the high taxes also serve to depress the cost of the property in that market.

Also if this is a doctor with a temporarily depressed income before finishing residency/fellowship I wouldn't worry either.

You never hear of some law being passed that is pro VR.I believe it is important not to have only VR properties and not have them all in the same place.If you do have them all in one area and this is all of your investment income, a simple law change can sink you and depress market prices as everyone rushes to dump their properties on the market.You can never predict when laws might get tougher on VRs and the hotel industry puts more pressure on these properties due to the income they are losing. 

That said, for as long as I can remember NF is one of those places where the spreadsheets look pretty good due to severely depressed prices, but I'm not (yet) convinced that it's on the upswing enough for small investors to win, and most investors I've spoken with continue to warn against the whole area.

I enjoyed the area but seemed very depressed but it has been a long time ago.thx

I am at the end of my Rope so broke it has taken a tole on my health I have bad Anxiety and Depression all because of my financial situation.