Say prices drop an additional 20 % over the next two years from where they are now in nominal terms.

I am looking for homes that are 70k max for rent comps and I need another 20% drop to get there with the 3bd/2bths.....I can get there now with the 2bdr/1bth, but I want to rent.

Find another agent, price it right given local conditions, and you should be able to move it.Her explanation doesn't hold water, to me.

I plan on doing my own management so I'm looking at the 40% number as I don't want to miss a decent deal.I can see $100/door for SFH & duplexes but I think that 4's are a little different as in this property, as long as 2 units are rented that will cover all monthly expenses-PITI, water and sewer.

I know I can get 1300 in rent today based on a comp right next door, I would pay yard and water/trash about 150 a month.

Here in Gainesville, FL, prices haven't dropped as severely as other areas, but even here I don't see as much of a reflection on my properties.

If his property dropped by that much, I'm assuming his rents dropped by quite a bit now.

Coffee was much cheaper than milk, especially watered down, even years after the crash of '29.

If you have a glass with a hole in the bottom, the water being the economy, until you figure out how to plug the hole you have to find a way to keep pouring water into the glass.

Whether that's reading a book, taking a course, working with a real estate mentor, or simply tagging along with an investor you know that you know and respect.Learn all you can and drop as much time as you can into learning the ropes.You don't want to financially hang yourself.Good luck!