If values decline and you stick it out it usually pays in the long run.

Been declining in population and business for years.

Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.

My instincts told me something was not quite right and after consulting with another RE investor, I decided to respectfully decline to do business with the guy.

On the other hand, you can make money in any area, even areas with no growth as there are still people that live there, even if the population is declining. 

We know inflation is sticky at 3% hence this year ratereduction would be less likely.Rent Growth is 0% in the last quarter.Bid buy-sell spread is around 100-150 bps.With supply coming until 2025, my estimate is at least zero growth to 5%-8% decline for multifamily.For Residential, you could check Lance research, it's pretty amazing research, the appreciation curve really depend on location and in particular , supply/demand/DOM factor. 

An estate tied up in probate is a great candidate for presale renovations but they decline Curbio‘s offer and elect to sell as-is . . .

There are more carriers operating now so rates have settled, even declined. 

Historically what is the most rents have declined especially in a growing city? 

Note: I did have one client declined by them because they had two past home insurance claims in their history so it seems they are looking for low risk clients only.