I declined insurance due to quotes in the $1700 range.

Asking was 70k, i offered 61k. it was a private seller, estate situation.they countered high, i declined, i didn't hear back for 2 weeks and then they accepted it.it needs work, exterior and electrical will be the majority of it.

I was just saying that with the short term run up I would not buy looking for big gains in the medium term.I would buy here regardless of what things were doing right now if you have a long term time frame, like 10+ years or if you are doing fix and flips in the ~4-8 month time frame.The former will pretty much wait out any short term decline and in the later as long as you buy with a realistic cushion and based on real numbers, not assuming the place will be worth 1-2% more than you paid just by owning it a few months, you will be fine.The people that think they will buy a place now at retail and live in it then sell or refi in 1-3 years are the ones that could get burned badly.For example I have some friends that were moving a couple times during the run up last time.  

The houses he is buying are turnkey in a declining neighborhood.

Holly depends on the area of Price Hill but for the most part it is steadily declining in my opinion.  

@Richard York, a more formal, properly drafted agreement likely would have said that the investor has the option of being liquidated at any time after the 36th month of the hold period, provided that the cost to refinance the property to facilitate the distribution is deducted from the investor's proceeds, and provided that it's actually possible to obtain cash-out refinancing (if the value declined or was flat it wouldn't be possible).It would also provide for a mechanism in which to establish value.

If they do not want you there, they can decline all of your buyers and leave you holding the lot rent each month. 

I'm not going into all the long and irritataing details between January and May 1, but let's say they ultimately DECLINED us after 5 months of jacking around saying it'll get done.  

 Thanks Brian.I tried to include part of the first mortgage amortization table, the rows showing years 25 through 27 during which the first mortgage loan balance declines  by 100K but it lost its formatting after I pasted it in.  

If you see an adjusted declining per capita income you need to carefully consider the long term value of the investment.No or limited urban sprawl - In every metro area I've seen there are areas that were once prime areas and over time become distressed areas.