If you are down for huge ones, try mid-city Detroit or Compton out here in LA, or any major scary area of any downtown.

Had been listed in the mid-50s.

The house was built in the mid-eighties and paint/flooring/appliances updated in 2010.

Low mid end real estate (bread and butter properties) tends to do ok as people still need housing and are forced to buy or rent and prices rise based on demand and generally keep in line with inflation.Mid high to bottom of high end prices tend to be crushed because these "prestige" properties tend to be bought by people either speculating or trying to keep up with the joneses and they tend to be highly leveraged.The very high end stuff shoots up into stratosphere, but they are bought by a very very select group of people.So besides macro economics, property types (and as such the location) matter as well based on my limited experience.

I own mid sized construction company but for this small amount of work I wouldn't hire one.

i used to buy them in the mid 60's to mid 70's. now those houses are being listed on the MLS at 120.

@Andrew Syrios - Except that this "stinker" keeps getting relisted on Hubzu with a minimum bid in the mid-40s and it has an ARV of about 70 with 25 needed in repairs.

If your buying new construction or near new these are generally less management intensive than 60 year Old homes in the mid west markets.My experience with the turn key product is that the owners of these can be their own worst enemy..

A lot of which I'm guessing came out of the Baltimore meltdown after the bubble burst mid 2000s.

Arlington has been good the one we did they have been over a milion they sit for a while but do move not sure about the mid range one that was only one job .Dc is a strong market but cost, you still can look at Baltimore or Richmond were it may be half or 1/3 of the cost of DC.