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.

They rebound when the banks come back in and provide financing.

The other 2 I got really cheap in foreclosure sales and want to wait a few years for prices to rebound before selling them. 2 bedrooms apartments in my area rent for $500-$700 and I see lots of 40 year old apartments listed for $30-$40K per unit.

I may be wrong, so do your own investigation, and let me know what you find out Normally Redding's economy rebounds after 5-7 years when it falls, but in this case, it was so severe, I don't see it coming back for quite some time.

It's the inflection point where an ongoing disaster finally hits rock bottom and the city is given a chance to rebound financially.

Especially in the big rebound states like Arizona, Nevada, some parts of California.

Prices and rents have not only rebounded but have surpassed the earlier heights in the market.