I tried to steal his keys so I could take the car and bounce, but that didn't happen.

I passed on all of those areas.Go outside the city to the outlining counties and you can land much better properties as I said in better areas for 900 rent at 55k that will bounce back nicely when the market turns back for appreciation.The low income areas will still be depressed with high crime and will have little to no appreciation.I would rather put into 1 better property than 3 that are in suspect areas.

It may have not hit the streets directly, and we may be somewhere near the bottom, but I can guarantee that if we do hit the bottom the bounce back is going to be uglier than the fall.

@Hau NguyenYou should find a local successful investor to bounce idea's and possible deals off of.  

And I'm sure all of those houses eventually bounced back.

The stock market dumped all over itself today and if it does not bounce back tomorrow (fingers crossed) we may actually be close to capitulation.Once, if, that happens we will bounce a round for a while then the beginnings of a recovery will start to peek out of the rubble.The stock market is always a leading indicator, the economy as a whole has at least six to nine turbulent months ahead.

If they bounce, they get scrubbed.However I don't remove them unless they ask.You never know when someone will want your info.

A Far better quote to have used would have been:"I don't measure a man's success by how high he climbs but how high he bounces when he hits bottom" - General Patton

Hit me up if you want to bounce questions. 

I was talking to a lender who specializes in VA loans and bounced this off of him; he thought it would be feasible to refinance with an owner occupied VA mortgage if their inspection and appraisal was favorable.I will get in touch with Joel and mention your name, thanks for the referral.