They will move to a unit in lesser condition for a reduction in rent and you will have a unit in much better shape ready to go.Over time, keep making improvements.

But that being said, when combined with other inflationary policies that increase the cost of goods, and a reduction in the affordability of healthcare will definitely make it more difficult for people to be able to afford mortgages.  

As for the fix's to the driveway I would say list at a higher rate  and give the buyer the option of you fixing it for a reduction of the List price.

We've had 86 months of consecutive inventory reduction in central Ohio so available homes are severely lacking right now!   

As for the time value of money, the bank has that covered in their favor too; in that the majority of my monthly payments in the first 15 year go to them covering their risk quickly, and leaving me with limited principle reduction. 

Either wait until they get motivated by waiting for a price reduction or find one that is motivated that can work with you.

The Atlanta (etc) PM situation reminds me of the US medical system where Dr's (per the AMA) can only give you toxic pills and not solve the underlying problem, which means you're in an endless cycle of going to multiple Drs getting more and more prescriptions.

With conventional financing we'll be putting 20% down so our principal reduction as a percentage of our cash investment will be less than 5% according to my spreadsheet, but every bit counts.

Bryan,I think from a cashflow perspective (income reductions that have happened to people in the recession) he was unable to pay them back, at the going rate, so he let them lapse.

The perfect storm you are looking for is a property that was initially over-priced (taking it off the radar of other investors), has had price reductions to get it back in line with market value, and has a 180+ DOM.If you have all cash though... some reason you aren't buying at the Court House?