It's not sexy, but the only way to compete with the other houses is to rehab or drop the price. 

Thank you.Incidentally, I'm actually a dual American-Israeli citizen (I was born and grew up in California), so presumably US tax law would apply to me in the same way that it applies to any other US citizen.Yes, certainly I need to speak to a tax expert who specializes in those of us that need to deal with both systems; my question here was merely meant to get some preliminary information, so that I don't waste money and time with simple questions.Next time you're in Israel, drop me a line--I'd love to have you (and your family, if they're with) over for a meal!

So now we are hoping they are realizing it's time to drop price.We are hoping to get a few lots at a deal.

Hello @Matthew Wolfer my Fiance and I would love to chat with you and perhaps develop strategies, please feel free to drop a note in my inbox .

After I bought values dropped slightly through '11 but have climbed steadily since.

Properties that have more long term stable value are less likely to drop as much in value.

I set up a bank account at the local bank (BB&T) and just have the tenants drop the money in there.  

So even if you bought at peak prices today, after the subsequent drop, the next peak should be higher than the previous.

Would dropping move in  to $400 total still be too much for people? 

Here is the property with me living in it: https://bp-v-newproduction.s3.amazonaws.com/upload...And here it is after 5 years when both units are being rented and the MIP has dropped off: https://bp-v-newproduction.s3.amazonaws.com/upload...Does this look like a good first investment?