I think most people that have that perspective either are close minded or not educated to how to properly go about the business. 

Wow, crazy thread with lots of misinformation...From an IRS and a taxation perspective, there is no difference between an S-Corp and an LLC taxed as an S-Corp.There are plenty of differences between the two, but not from a tax/IRS perspective.

Those people will get out all together (some taking losses but most realizing nice gains) and get back into a more "texbook" diversified approach (until something esle gets hot).Investors that know and believe in RE for the long term will shift their focus but stay w/ it.

I was fairly new at this when I shifted into being a "Virtual Real Estate Wholesaler", and now I do more deals because I am so much more efficient.

It's not the right perspective to have.

Just to give you some perspective, here in Las Vegas a 4-plex in a marginal are will go for around 450k.

With that in perspective do you honestly think that buying and running an apartment building or flipping a house is as difficult as that?

With the market shift, I was thinking about some different marketing campaigns.

As the market shifts, money tightens, and more and more new investors get broke, I think the opportunity opens up that much more for experienced investors.My point being that I just don't think that the opportunity will necessarily be proportional to a retail index of prices and/or a decrease in those prices.

From the investor’s perspective this market correction is God Sent.I predict that this shift in the market will cause with two basic positive results to emerge:1.An increase in market rents on single family residential2.An increase in available inventory priced at 60 -70% of the market value.For more info check outhttp://www.kiplinger.com/features/archives/2007/03/foreclosure.html