It can take several years before the prices come back up to pre-drop levels, and then as per the usual cycles, continue higher.  3.

I’ve already dropped the price once and I’m afraid I’m going to have to drop it again.

I have over 40% equity based on loan amount of $200K and general market value of the property at $400K (unsure what assessed value would be).I'm thinking I'm a candidate for PMI removal.

Among other metrics we can see the pool of registered Rs continue to drop...it's now at 24% which means Cali is a one-party-rule state.Completely anecdotal, but I don't know anyone that knows anyone that knows anyone who left solely due to 'affordability'. 

We had an inspection done and and then negotiated the price down to $197,000 from $250,000 based on the fact we would allow my husband's step dad rent a room during ski season, the faulty roof, and other issues with the property.

Based on what I’m reading (2% rule, 50% rule), and the cost of property management companies; it seems better to just sell it for its current value of $550k and invest the equity.

@Jaime Powell - hey, we are based in the ATL, and I've closed several loans (fix/flip, rental, STR) in the Augusta market.  

Our political system is broken, democracy has reached it's limit in an ever increasinlgly complex world that is hard to understand for people, so they basically give up and just vote based on emotion and ideology.

Last but not least, based on the size of the home, I try to find other properties with the same "footprint" that may be "for sale" or have been "sold" which may give you an idea of what the subject property may look like. 

Consult with legal professionals to ensure compliance and protect your interests.Emergency Fund: Maintain a reserve fund for unexpected expenses, vacancies, or periods of economic downturn.Regular Maintenance: Implement proactive maintenance measures to preserve the value of your properties and minimize the risk of costly repairs.Long-Term Perspective: Adopt a long-term investment strategy and avoid making impulsive decisions based on short-term market fluctuations.