I also monitor LoopNet for multi-family listings, in case I have a buyer looking in that price range or location.

@Steve S  Great question and I'm monitoring too. 

Obtain a couple people who monitor MLS, one main contractor, a marketer etc.

Monitor your credit monthly with a service like Truecredit.com or myfico.com or some such.

Second, monitor topic, check.But, I'm curious about your response to Mike.

I have been monitoring it, as you suggested, for the past 2 years as well and it seems like it is only getting worse.I am waiting to see signs of an upturn.

I would closely monitor prices in your area, and as Joe said, look for a no-cost refi once you feel you have some equity.

I will definitely look into the book on flipping houses by Brandon, I've read his other numerous blogs and videos scattered across the internet and they have always been very insightful.Brandon Turner Haha I was wondering if you would notice, you have a divine capability of monitoring your forum.

Interestingly, most of the paths lead to "just monitor".Why?

Personally, I'd move on to current opportunities while monitoring this one.