For cities with good fundamentals and job markets that generally bounce back quickly those numbers will turn quickly as well.Smaller towns and more suburban areas will feel a crunch for awhile longer i believe.Should be an interesting time for investors with cash and funds.

One thing that's helpful here is to bounce your analysis off other investors, realtors, and lenders in your area to get it refined before you put it to the real test. 

That's kind of what I was thinking but it's nice to bounce it off someone.

Someone that holds you accountable and you can bounce ideas off of.  

In areas that have not bounced back from the crash, there are a lot of really good, well qualified agents, competing for a much smaller amount of business.

If you send them a refund, the check they sent will bounce.

Right now I have 2 books I'm bouncing between plus the rich dad poor dad audio book so I'm a little overwhelmed with information.

BP is a great resource for finding like-minded people to bounce around ideas with and learning about creative ways to structure deals. 

I would try to get into flipping for desired profit or make sure you can short term or long term rent them if you decide to hold until market bounces back.

You capture all the bounced addresses and can skip-trace those, those are valuable.