But for all the investors who have been doing things for the last 5 years or longer, patience is a virtue in times like these. 

This has me concerned because I don't personally feel that investing in a property at this point in time, and counting on an increase in value of the property as the sole purpose of my investment, is a smart idea. 

Your realtor should be helping you, (another reason I never use a realtor)  Also do not be so intimated, you are the owner YOU are the boss. 1st are they current, if so great if not, has the eviction process started? 

Not open to house hacking in the sense of renting out rooms at this point in time. 

This just gives me the security that I don't have to come up with $XXX,XXX at a certain point in time.

I'd get intimately familiar with non-performing note investing and plow it all into after some serious education and experience.

There are locks that will work with the property management systems to let them in a check in time. etc etc.

Best way to find out about the market is ask a local realtor who is active in that market.But, the procedure for dealing with a situation like this, for valuation purposes is doing all or a combination of the following:* Go back in time to find older sales and determine (calculate) any market trend differences (appreciation/depreciation, etc) since then and adjust those old sales.* Go to the nearest relatively similar market area and find recent comps there.

Too bad you can’t go back in time and get replacement insurance instead of ACV.

Our company, Pleasant Valley Containers, manufactures prefab homes that are move-in ready and Amish built for $80k and under.