Prices here dipped 1.5% during the housing crisis. 

He is also looking into the Vegas market and would be good to connect with https://www.biggerpockets.com/forums/432/topics/67...Many of the Florida markets, like Phoenix,  have been slow to recovery from the 2008 financial crisis.

Wholesaling off the MLS could have been a viable strategy back in the foreclosure crisis when low priced inventory was everywhere and there were few buyers.

Other people that say they don't buy on speculation, the majority aren't from Utah, don't understand the rental crisis here, and don't know that Utah has been in the top 5 for same year sales growth (double digit) for the past five years.

For instance, many Americans (prior crisis, but some still) pour the vast amount of their net worth into a primary residence: Risky.Some people invest only in domestic blue chip companies: Risky.

Find a diplomatic way to have them cancel on their end so you don’t get hit for it.

Im sure there can be a diplomatic solution to this rather than getting the sheriff involved.u definitely have the upper hand.

In addition, purchased a lot to hold which is currently on the market with an estimated return of 35k (bought during the housing crisis).

In my case it was the property management and HOA Assoc agreeing not to participate in being FHA compliance because of the amount of FHA foreclosures in the complex during the financial crisis.

Luckily I don't think we are any major crisis, better yet I think we are on track for a solid year especially in Denver!