We moved when the market crashed, knowing southern CA always rebounds first, and went down there for 10 years, where we built new spec construction in coastal Orange County. 

I also like how you rebounded when the trading didn’t pan out, instead of crying over the loss, you focused your energy on activities that served you in the long term like reading books.

So even though the value of your home may drop on the resale side, you will still have positive income from your renters until the market rebounds. 

I did the same on a conventional 10% with pmi and had a brokers price opinion got me out of the pmi after 2 years without an appraisal or refi because of the market rebound.

Most deals I’ve bought were rebound deals (first buyer failed to perform) or off-market acquisitions.  

@Daniel Brown this was actually a rebound property. 

In the second month the score will rebound generally half of that. 

If you are developing or rehabbing an unlivable rental, you run the risk of losing your money to complete the project and holding a major liability while you wait for prices to rebound so you can do cash out refi's/helocs, etc to complete the project.Be mindful of your renter pool and what would happen if the job market took a big hit.

I sold the properties with lower quality tenant pools as soon as prices rebounded :).

Don't think of that area as a rebound area.. it is what it is.. low end cash flow.. and sedentary values.. but I love the airport at Hoquim used  to shoot approach's and have a hamburger .. have not been in a while so not sure if the on airport rest. is still open.