I am deep in 3 deals and the repayments are delayed on all three.

@Mike D'ArrigoI don't have to look beyond the numbers, I live and breath Birmingham on a daily basis, and while doing so, manage hundreds of successful investments for clients all over the country.

Deep discounts being offered by investors who didn't realize the illiquidity of the investment in an effort to get out of an asset they consider to be non-performing because lets be honest here, some of these investments will be bad investments, and even the good ones won't appreciate in perpetuity. 

@Shannon WebbAssignments are a great way to make quick money, but an assignment is a contract, not unlike a purchase contract, so both the assignor and assignee must understand contracts and contract law or they can easily get deep into poo poo that can harm them financially for a long time. 

I don't think so..http://www.biggerpockets.com/forums/311/topics/160...I'm not sure if the NAR is measuring in a different SF Bay Area than I live, rent, and breathe in..?!

Do you know someone with deep pockets?

SO be sure you have plenty of breathing room when it comes to money in reserve.

And a newer (relatively) 4plex down in deep East Oakland with tons of cash flow (but not like Chicago CF).

Most investors that are the buyers you want are buying at deep discounts, you have to learn the market and what works for them.What I would suggest is talk to a couple of the buyers on the list and see if you can work with them to help locating properties.

First thing is breath.... lol congrats on getting the call.