The Midwest provides an excellent opportunIty because when the property values decline, rents stayed stable.

Investors are slowing in Illinois I have noticed lately and I have also seen a tremendous amount of capital repair declines from Freddie Mac and Fannie Mae in the area.

I asked her to see the house, but she declined because she said it's a mess.

Amadeus:Quadraplexes at 25 to 40K per unit will be rare - even here on the East Coast - and you will mostly find them in small communities (whose economic prospects are stagnant or declining), undesirable parts of town, or they will be in a desperate state.  

My market is in decline. 

I have been declined for a mortgage because I don't pay rent.

It spit them out in this order.Detroit and Flint continue to decline in population though, so, looking at the data, personally I would stay away from those areas.

U will only lose money if you sell into a declining market. for buying there should be some opportunities arise..

You gain some flexibility to refinance down the road if and when rates decline. 

I am currently working at paying down some other debts and monitoring this possible decline in home prices.