Sales have plunged to 1995 levels according to one stat sheet I saw. 

A few influencing factors will sum up the drive of today's landscape:Inventory & Competition: Although inventory levels have risen some, competition on good deals still seems fierce.

This goes back to the norm level or comes down.

@Grant ShipmanIn my experience with these units are very difficult to manage and people at the 30% level also create a new set of problems.

I’ve been in the real estate business as a broker, helping clients buy and sell homes, but I’m looking to take things to the next level by diving deeper into investing.

They offer great advice on handling these situations, including tips on dealing with the sheriff and eviction procedure, as well as navigating money judgment collection.In terms of whether you should hire a lawyer or manage it yourself, it depends on the complexity of your specific case and your comfort level with the process.

Then you might as well level it and buy another one.

This negative equity position is one of many reasons that adding ADUs in a single family zone is not typically a good RE investment.OP whatever you decide to invest in, make sure you do thorough and conservative underwriting. good luck You’re right in that the level of underwriting I presented wasn’t institutional level - but for your average person just starting out, institutional grade analysis often makes the thought of investing overwhelming.

(FYI this will likely be cheaper for me for this level of work than someone new.

So far, I've used Facebook Marketplace, Zillow, Roomies, Craigslist, and Roomster, and I was able to get some level of interest initially, but haven't had a ton of luck since then, so I'd love to hear some ideas.