It would appear that these were all flips and these sellers are now trying to find an out while they wait for rates to come down and the market to rebound. 

I do see TREMENDOUS POTENTIAL upside in your purchase if the market rebounds the way it should and wish you the best of luck!!

Sure, buy in a declining market like cleveland or detroit or something, and hope it rebounds but you also need a safety net in your case.  

Market never fully rebounded past the peaks.. the issue though is these are all going owner occ... the homes to get full retail ( if your thinking an OO exit) I have been putting another 5 to 10k per property in them.. plus they go vacant for an average of 6 months during the sale cycle..

This, along with a resilient job market, has helped key housing indicators rebound in the early months of 2023.

Great questions, Detroit has experienced a loss in population however recent studies have shown that the rate of shrinkage is levelling off due largely to the anticipation of the City's rebound.

Now far as the market buy all you can within the next 6 months, the rebound is coming.

Since the market has rebounded, depending on what part of the country you are in, it will be another 4-6 years for the next correction.

One of the attractions, Oklahoma River Sports is a state of the art $45 million whitewater rafting and kayaking center that opened in 2016 and is home to the US Olympic kayak and canoe team.4.Oklahoma City is consistently voted one of the most affordable places to rent in the country, as well as one of the best places to invest in real estate.5.Studies have shown that millennials are flocking to Oklahoma City.Oklahoma City was voted among the top 10 cities that are attracting millennials as well as the 7th best cities to start a career.Millennials are adults age 20-35 years of age.Studies show that millennials boost economies.6.Oklahoma City has received numerous awards such as:a.2017-Top-10 major markets for housing affordability(Demographia)b.2017- Top 10 US cities where everyone wants to live (Business Insider)c.d.2016-Top-10 among large cities for recession recovery (WalletHub)e.2016-Top Metros for wage growth over the past decade (Forbes)f.2014- 1st in best city to start a business in (Kiplingers)g.2016-Best cities for workforce (Global Trade)h.2016 -among the top cities rebounding from the recession (CNBC)i.2016-ranked number 1 for quality of life (Business Facilities)j.2016 ranks number 1 for Women entrepreneurs (Merchant Cash USA)k.2016 ranked number 8 for millennial home population(Smart Assett)l.2016-Best bang for your buck housing market (Angie’s List)m.USA Today Reported,” Since 1999 the number of Californians departing the Golden State for Oklahoma has outnumbered those going the opposite direction by more than 21,000….The influx of Californians is a sign of Oklahoma’s growing economicprowess.”

But someone willing to learn a bit, take some lumps, and rebound from those experiences is well positioned to succeed IF THEY STICK WITH IT.Anyway, my two cents.