If the area was not affected by the 08 crisis, I'm not too sure about banking on solid appreciation there. 

@Dave Meyer  I would like to help  mainly in what you guys need to do or look for to VETTE REAL lenders not all the fakes running around these days.. this is almost lender crisis mode for new investors who just don't know what they don't know and get taken for up front fees.

Lenders have learned a lot from the housing crisis and use a number of loan fraud detection tools today.  

The state is not going to write a check to someone who significantly upgraded their home in the middle of a crisis - and your tenant knows that.

It is nothing less than a complete housing crisis here; the demand for housing far exceeds supply. 

There is a way to solve the crisis.

The passing of this bill creates a three-year window for homeowners to either refinance their mortgage or sell, and pay no taxes on any debt forgiveness that they receive.The newly-enacted relief for mortgage debt forgiveness is Congress’s response to the problems generated by the subprime crisis, short sales, rising foreclosure rates and price corrections in some markets.

Will this not perpetuate the foreclosure crisis?

All this from the crisis fallout.

Investors caused the banking crisis, the oil crises, the gas prices, everything.My point is that even though we have an investor driven agenda - saying so is not going to garner support from the opponents.