They never hit bottom.

Others hit it on the head.

It doesn't happen much and probably won't be a process lenders go through in a systemic search until we hit closer to double digit rates on those 2 and 3% loans. 

Another reason is I would like to hit the ground running.

The only way you will make money is hit the trenches in m my opinion. 

I haven't hit it hard yet this year,  trying my hand at pre-foreclosures.I don't use a CRM, I'm hand writing letters and reaching out according to a criteria I dictated.  

Lastly, the price point is still very cheap here in the sense that you can still find investment deals that hit the 1% rule for 120-180k!

Did nobody ever stop and say "oh, hey, maybe we should keep water pumps going because, ya know, no electricity no water pumping, NO WATER". 

When 2008 -2009 hit we were forced to cut our quarterly payouts to reflect the problem loans.  

Timing will make a big difference leasing this SFH in Seattle— if possible, aim for your vacancy to hit the market ~May 15th to June 15th, maximizing time on market for a June / July lease start date— this will give you the largest tenant pool, lowest vacancy time & highest rent.