If homeowners or investors are not willing to drop prices fast enough, what are they going to do, RENT.

WikipediaLow crime rate - Never invest in any city on Neighborhood Scout’s 100 most dangerous cities list.Low risk of a natural disaster - Homeowners insurance rates are a good indicator of the potential for a natural disaster to occur.

You wrote that you bought a condo but that you're dealing with a homeowner's association rather than a condo owner's association. 

The purpose of this test is to ensure that the property generates enough rental income to cover the property's mortgage payment, including principal, interest, taxes, insurance, and homeowners association dues (if applicable).Key Points of the FHA Self-Sufficiency Test:Applicable Properties: The self-sufficiency test applies only to 3- or 4-unit properties being purchased or refinanced with an FHA loan.

Hi Veronica,  Do you mean homeowner's for landlords?

I have the lists, I have them scrubbed, just need an economical way to get them to 100% valid homeowner lists.  

The rules are for the lender as they're the ones that require you to live in the property for usually a year in order to qualify as a homeowner. 

Consider direct mail campaigns targeting homeowners who might be ready to sell and spend time driving around looking for distressed properties.

These are sometimes referred to as in-law units or granny flats and they are not new to the commonwealth but a favorable ADU policy has the potential to add over 10,000 units and offer homeowners a potential source of income.As a lifelong house hacker, my wife and I immediately recognized the potential of this 2-story garage in the back of the property.

Think about how can you make your property a no brainer when having to decide between an apartment and a home. 2-Contact homeowners who are not in your close proximity, so they do not feel threatened, and ask them what are they seeing in the market, and how are they are adjusting (most likely you are not the only one who is experiencing this). 3-  If you decide to work with a real estate agent, use one that works with rentals, and better yet, someone who specializes in property management as well, because they will help you weed out  bad applicants. 4- This last one I do not have experience with, but I would definitely try it if my rental was near a hospital: Partner with a company that finds housing for traveling nurses.