The other component to this equation: I don’t see a real need to buy deformed property when there are so many that need cosmetic touches.

Real estate is a long-term endeavor, those looking for quick fixes or hacks to get something with no capital end up on the short-end of that equation.

You take the 26 deaths out of the equation from the nursing home in Washington state and how many deaths are we talking about?

It was expected to have a stabilization in prices and rental could pick up slightly to correct the equation... but with the crisis approaching, it is more reasonable to guess that prices should come down...3) at least 3 in 5 guys I read here in BP tells me leverage is everything in RE market.  

It’s unfortunate, but I’d still rather own in a market where large rent increases are possible and appreciation equates to hundreds of dollars per day than a flat market somewhere else where rent control isn’t an issue because rents aren’t going up that much anyway.

Just remember at the end of the day all the issues found equate to numbers.

Budget is probably going to be the biggest part of the equation for you, and where you can earn the dollars. 

If the equation is relatively balanced, i am living in an asset.

If there's no damage, that equates to the deposit plus one other month, and they walk away scot-free - no utilities, maintaining the lawn, etc.

6million homes equates to roughly 18million - 32 million, MILLION people!