Unemployment was double digits and lenders dried up due to panic and new regulations.

There are definitely major issues, some maybe just from settling, but the small basement area seems dry. 

If asking was 300K, you offer 330, but it sold for 410 - there is your answer.I have seen a ton of properties sell for 125%, of asking in certain markets where inventory is as dry as Moore County, TN.

., Did you dry clean with chemical sponges before priming? 

It's funny you say this as 5 years ago there where only very few investors interested in the Toledo market.As inventory has all but dried up nationwide, folks are starting to look elsewhere.And some of those "not so sexy" markets back in the day like Toledo are finally getting a tonne of attention.I caution investors looking at other markets than the Midwest.Prices seem high and deals are very hard to come by.In such instances it's always good to have dry powder ready for when the tide turns.Toledo in my opinion is still a safe bet since I haven't seen it recover anywhere neat to market highs of 2006.Here are some of the key areas that we invest in and where all of our investors are buying:436064360743609436114361243613I'm also attaching screenshots with outlines of the exact location within our target zip codes.As with any investment or business.It always comes down to finding and working with the right people.The market stats/demographics don't work for you.The right people do.I hope the above helps anyone looking to invest in Toledo.Much success to all :)

It is probably 100-110 dry heat right now.  

@Noel Mojica Plans cost me $4500, So far Ive paid my contractor $15,000 and that includes all utilities, sewer, framing, windows, basically everything so that I can go in and put in dry wall, and the finishing stuff (dry wall, kitchen, bathroom, floors)

Don't milk the deal dry thought.

Not Ottawa but Boston, and I can tell you that even in a big city like Boston rentals dry up in winter because (non scientific answer) it's cold and no one likes it.

Regardless of how good a tenant was once they stop paying they can and will bleed you dry.