Just pivoting with what the market bears.

The best areas I believe to be are Philadelphia, Indianapolis, Kansas City and some areas surrounding Chicago.

Your loan amount has bearing on cap gains tax due.....it’s is calculated on your costs of the property verses your sales price, less actual selling/closing costs.....doesn’t matter if you borrowed 100% or paid all cash.

Something built in 1920 and something built in 2016 have a huge bearing on your risk.2) How complicated are the systems?

And, finally, I've lost count of the number of resumes I've reviewed where the applicant had a college degree in a subject that bore absolutely no resemblance or had any bearing on what jobs they worked after graduation. 

I'd write a response letter with what you believe to be are fair deductions and send it certified, return receipt. 

That technique works in any market so it really isn't specific to market contractions or bear real estate markets.Does anyone have any suggestion on resources for profiting from bear real estate markets?

It will not insure they will pay rent and you will likely be forced to evict rather than non renew a M2M lease.Keep in mind a term lease has no bearing on when tenants decide to move.

Most accounts that they keep these and have to be a trust account and are typically non-interest-bearing.

The positive engagements and compliments, as rare as they may be, are what keep me going in this business.