Speaking of Seattle, a local TV station put together a production that is on youtube-called 'Seattle is Dying'.

I saw a show on TV where the new landlords were getting robbed blind by contractors. 

When I first saw your post, I envisioned 38 holes like from fists, wayward furniture, hanging tv sets, etc.

Undoubtably in my mind, the goon't will have to make some tough decision, unpopular ones such as bailing out the airlines and other leisure conglomerates such as Hilton Global - reminiscence of the '08/'09 bailout of Wall Street, though different to some extent as the airline / hotel type of "blue chip" stocks are majority owned by Fidelity and Blackrocks of the world, which in turn is own by major pension funds, and guess who's the largest holders or contributors of pensions funds, your everyday teachers, fire fighters, police officers and etc., so I would imagine the govern't won't have much of choice... 

But same thing most people get into real estate because its on tv and sexy and they think they can make alot [some do].

After visiting the properties that didn't rent, kept getting trashed/stripped, with huge PM fees, the pics shown & actual properties didn't jive at all.Before we met they had both been laid off from the same company after 25 & 28 years respectively so they dove into REI after watching the TV gurus.

If you were a mentoring client fo mine I would want to see any estimates from professionals you received based on the inspection report and would want you to explain to me how far you would be willing to dip into your HELOC to finance any unforeseen issue that will come up during renovation (if you don't believe me watch any of the more prominent flipping shows on TV)5.

At my company, our videos and TV shows generate between 1-3 million views a month, this filters down to hundreds of leads every month. 

I figured I could watch TV while I row.

They didn't know their market and got conditioned to high numbers on TV or other markets and didn't realize that $180k is VERY expensive for many parts of our town.The danger is because our real estate is so affordable people are coming in from out of town seeing potential to increase rents...well, again, it depends on neighborhood.