My question is, what are you thoughts on buying in a slightly depressed market?  

Second, this is not a depressed area. 

This may have a lot to do with it being a depression and all :)

Credit has its uses and the model of buying depressed real estate with super cheap money in a strong rental environment is a good (fantastic) one, its just that after fighting so much with those bastards when the market tanked and I had loans out the wazoo I'll personally never give up that much control of my business again.You can wholesale with no money and no credit, you can rehab with other peoples money, but if you are building a rental portfolio you're way better with bank funds (or partnering with someone who can get bank funds).

This is my greatest fear heading into the coming depression - that the morons in the government will waive their magic pens and make evictions illegal (or delay them).

So I know there's a no pet policy but my therapist is discussing me getting an emotional support dog to help with my anxiety and depression"I do not want pets at the complex, because even her allowed dog will create issues with the other tenants who have wanted pets at the property (i.e., they will start figuring ways to get their pets in either through the same route, or by just bringing them in unauthorized).I'm interested in how others would handle the situation?

I will go into serious depression if I buy in northern California after hearing what Jon K had to say about his D/FW investments.

One of the drawbacks is sure i'm getting a fantastic deal, but when I go to sell, the market is depressed and I'm competing against other foreclosured houses in the area.

And if they were common, I'd say most persons would be purchasing themselves - and not be telling you where to find them.You can pull current housing stats and see which markets are depressed.

It's up near Oroville and I understand it's pretty depressed there.