In the great depression, stocks declined about 89%.

In addition, the problem with buying rentals in a depressed area that has a declining population is that rents can and do go down.

I have been recently getting involved in SS many people are saying most banks take a 30% off of what the balance is. then there are people saying that there is a mathmatical equation that works every time. putting together amount in arreas any repairs BPO value declining market for 6 months and what it would cost them to forclose if anybody can help me with this equation it would be great. i would love to have a mentor in this arena because the new york market is up in the air right now. i have a ton of deals i just dont want them to get denied.

You might have candy for diabetics, that is low calorie, might have some fruit treat that is even healthy.Not so much about candy stores, but what is your business ethic?

Accounts in collection would be a concern so I agree with others to decline this one.Since you are using the background check to make the decision, I would recommend sending an Adverse Action letter as required per the Fair Credit Reporting Act. 

I've tried submitting a seller financing offer for the aforementioned duplex but they declined. 

We went down that road, and it was something we personally prefer not to do.Although foreclosures, etc have declined dramatically, you can still find stuff from time to time on hudhomestore.com, homepath.com, & homesteps.com.

What has your local market done in past housing declines? 

I've certainly heard about rents declining in SF and the crazy multiple offers not happening as much, but in most of the desirable areas I'm looking at in the East Bay things are still pretty hot. 

I even had to politely decline one pregnant girl.