If the market is that depressed it may be hard to bump up out of it.

I hear it is a depressed market but there is tons of money to be made.

So wouldn’t that lead to a further delay of the big depression that some people are expecting? 

The fact that that they are both doing that, and are on lists of the fastest growing / largest employerss in metro Detroit - an otherwise economically depressed area - is honestly great stuff all around.I'm guessing in both cases, the low cost of living in the area is what helps them deliver on that, since that translates into lower salaries etc.

Since you are moving here, I suggest you wait until you move here to invest.One note on revitalization: there are a lot of depressed areas within the Pittsburgh Metro area desperate to revitalized.

I guest it takes me a long time to learn my lessons because it is a long trip to Las Vegas and I am a serious buyer, but every time I looked at multi-unit properties in Las Vegas I was depressed because every multi-unit property is ghetto trash and when the properties when the properties selling today for $100k to $150k were $50k I would still not purchase then because the properties and the tenants are so trashy I would not want to have to so the constant maintenance necessary to keep up the properties and I would not want to deal with the type tenants who live in those properties.The multi-unit properties always look nice in the pictures, but trust what I am saying and don't waste your time.

It's kind of depressing.

This is especially true if the lower unit is/can be made to be actually decent and not a dark depressing POS (light, layout, decent size rooms, windows, etc.)

Well, the issue is WHY things are selling at that cost ... it is a sign of a seriously depressed and declining market that is not keeping up with inflation on prices and likely not on rents either.

I'm beginning to sink back into depression that I live with off and on, and ever since I left school it's been more frequent.