If I were in Bruce's market, which I think tends to be more steady/less volatile than mine, and could get ~1.2% rent yield in a nice neighborhood on what I'm guessing is a couple hundred thou for a duplex and had the cash on hand to fund multiples simultaneously, I'd prefer his strategy all day long ... he still has "the need for speed" by the way, when his units are vacant and in disrepair, he's just flipping to the rental market for a year rather than straight to sale :)In my market, SoCal is notoriously manic depressive for one, so your tax savings could be greater than stated by holding for that extra year if the hot market tanks taking your capital gains with it.

Is there value in buying land/vacant lots/inhabitable houses in cities that are currently depressed? 

I have started a direct mail campaign and I am wondering how long do I need to stay with a list, I am trying to find buyers with high equity and it is in better neighborhoods I have had more than avg calls but the ones I get is the one that want full retail it is depressing but positive how long do I need to do this campaign.

Depression and anxiety came about and my happy lifestyle ended.

Prices escalate, depressing cap rates.  

This 3.3% comes off the total amount of the sale $325,000.Very new to this business and I am confused as to why we pay on the full amount of the sale and not our actual profit after depressation and repairs.

Like most of upstate New York, it is economically depressed, but the prices of houses there are often so low it's tempting to just jump in and buy one.Thanks for being on the website.  

I had a very close family member who ruined a house to the point where it should have been torn down because of a hoarding disorder.  

I guess if the market stays depressed or shows signs of breaking down the ball will be back in the government’s court to reconsider the foreign buyer tax and if that is repealed or reduced, it is likely to prop up the market again maybe?

I'm sure this was intended to be a light-hearted discussion and I apologize in advance for bringing it down.I had/have an anxiety disorder for several years.