This means you can only get insurance with them if you are declined by 3 other carriers or your rates are significantly higher than the Citizens quote. 

Also, incase of a market decline i would base ArV on the more conservative side at 115.

Single-family home sales fell 5.8 percent year-over-year, with 6,548 units sold;Days on Market (DOM) for single-family homes was 52 days;Total property sales declined 4.4 percent, with 7,842 units sold;Total dollar volume was down 3.5 percent to $2.2 billion;The single-family home median price edged up 0.2 percent to $232,500, a September high;The single-family home average price also achieved a September record, rising 1.7 percent to $295,765;Single-family homes months of inventory was at a 4.0-months supply, up fractionally from 3.9 months last September and slightly below the national supply of 4.3 months reported by NAR;Townhome/condominium sales fell 6.1 percent, with the average price down 6.6 percent to $191,967 and the median price unchanged at $159,450;Leases of single-family homes dropped 35.4 percent with the average rent down 4.0 percent to $1,812;Volume of townhome/condominium leases plunged 44.5 percent with the average rent down 1.0 percent to $1,584.https://www.har.com/content/newsroom?

After determining your MAO for a property, when making an offer, do you through out your max and decline any counter offers, or do you start negotiating below your MAO?

Account ClosedI read it was the 3rd worst point decline in history.

We soon learned the area was starting to decline demographically, more and more low income applicants that couldn‘t qualify.

If you see the market starting to turn, you can generally get your flip completed quickly and get it on the market before you see a serious decline in values/profits. 

@Bharath Danda, main thing to consider is that the rent is likely to DECLINE over time.

In the end, I declined to buy the duplex after seeing the inspection.

I think sales will be flat or decline a bit but inventory will remain tight.