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As a STR, it's very popular in the winter and moderately in the Spring and Fall.

The house prices are between 35-40k, conditions are both good and bad (some need minor to moderate repairs).

I look forward to your good ideas, thanks.Oddly this is what HUD at the federal level has to say, which openly contradicts the IHA:The PHA determines a payment standard that is the amount generally needed to rent a moderately-priced dwelling unit in the local housing market and that is used to calculate the amount of housing assistance a family will receive.

What control functions does a group moderator have?

If you drive 15-20 minutes to the moderate ghetto, you can get a 1 bedroom small apartment for only $500 plus utilities.

The key thing in my mind is simply to find a moderately good deal and GET STARTED flipping (our next step).  

I own my own home, have an accidental rental that has been tenant-occupied for over 7 years now, have great credit, good W2 income, and moderate debt (student loans and cars, mainly).And for my local BP'ers (Seattle, Tacoma, Bellevue, Washington) ... what are the local banks that I should be contacting in the area?

If it's a more moderate downturn, the above factors would probably cause you to come out behind the investor who just sits tight.

That's what I thought it was, but I've seen others use the term in different situations so thought I'd get clarification since I'm a moderator, I need to keep up!