@Cory Mccarthy  it was regionalized to a degree.Texas values held.. one of the few places that did.Certain parts of CA barely fell.PDX were we live fell 20 to 30% from all time highs. on the buy and hold though we were pretty strong here.. but still had issues I sold a group of 32 duplex's in 06 as a broker.. and about 1/3 went back to the bank by 2009.You had job loss every were.. out here on the West it was in construction.   

And yes, your 8000SF rehab was excellent school for this castle.And finally, all who have had a unique vision have had to deal with negativity.

Rich,I'm up here in the Northern Virginia/DC area and follow the regional housing blogs.

They use regional multipliers for whatever area you are in and I can't imagine it to be "accurate" but better than just guessing.

I am lucky my job allows me to drive all over the region serving customs.

Definitely, western Snohomish county (30 minutes north of Seattle/Bellevue) is the next rising REI star in the Puget Sound region.

We're talking a big negative there.You sound like you're in a unique position, if you'll be able to House-hack.

I've lived in the Northwest Florida area for several years and have familiarity with the local communities and market, but am open to good opportunities or partnerships in other regions. 

First mistake I made on my first flip was flipping a home that was unique for the area.

I am sure they have penciled whipped it ...but then again real estate is unique and does not always follow formulas you have emotion come to play as well.